Katsu, Inc. has a small car division that operates as a profit center. Below is a partially completed responsibility report for the first quarter. Responsibility Report Actual Flexible Budget Flexible Budget Variance ​U/F Percentage Variance ​U/F Sales Revenue ​$ ​$ Variable Expenses Contribution Margin Traceable Fixed Expenses Division Margin ​$ ​$ Compute the percentage variance for the flexible budget variance for sales revenue. ​(Round your answer to two decimal​ places.)

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)