Green Coffee Inc.sells two types of coffee, Dark Roast and Light Roast.The monthly budget for Canadian coffee sales is based on a combination of last year's performance, a forecast of industry sales, and the company's expected share of the Canadian market.The following information is provided for March:
Budgeted fixed costs are $70,000.Actual fixed costs are $76,000.Required:
Calculate the static-budget, flexible-budget and sales-volume variances for the contribution margin, for the company for March.

Question

Green Coffee Inc.sells two types of coffee, Dark Roast and Light Roast.The monthly budget for Canadian coffee sales is based on a combination of last year's performance, a forecast of industry sales, and the company's expected share of the Canadian market.The following information is provided for March:
   Budgeted fixed costs are $70,000.Actual fixed costs are $76,000.Required:
Calculate the static-budget, flexible-budget and sales-volume variances for the contribution margin, for the company for March.

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The Answer of Green Coffee Inc.sells two types of coffee, Dark Roast and Light Roast.The monthly budget for Canadian coffee sales is based on a combination of last year's performance, a forecast of industry sales, and the company's expected share of the Canadian market.The following information is provided for March:
   Budgeted fixed costs are $70,000.Actual fixed costs are $76,000.Required:
Calculate the static-budget, flexible-budget and sales-volume variances for the contribution margin, for the company for March.