Blue States Coffee,Inc. ,sells two types of coffee,Colombian and Blue Mountain.The monthly budget for U.S.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 U.S.market.The following information is provided for March:
Budgeted and actual fixed corporate-sustaining costs are $60,000 and $72,000,respectively.
Required:
a.Calculate the actual contribution margin for the month.
b.Calculate the contribution margin for the static budget.
c.Calculate the contribution margin for the flexible budget.
d.Determine the total static-budget variance,the total flexible-budget variance,and the total sales-volume variance in terms of the contribution margin.
Correct Answer:
Verified
_TB5540_00_TB5540_00 _TB5540_0...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q154: The sales-quantity variance occurs in a multi-product
Q157: The Fortise Corporation manufactures two types of
Q158: The static-budget variance is the difference between
Q158: The Fortise Corporation manufactures two types of
Q161: The Octova Corporation manufactures two types of
Q162: What are the two components of the
Q165: The Chair Company manufactures two modular types
Q166: Superior Electronics manufactures TVs and DVDRs.During April,the
Q167: What are the two components of the
Q167: The Octova Corporation manufactures two types of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents