Question
A firm has two types of sales for one product: online and mail order. The firm understands these two types of sales to be substitutable.
A firm has two types of sales for one product: online and mail order. The firm understands these two types of sales to be substitutable. The firm's standard mix is 2 online sale(s) for every 7 mail order sale(s).
- Online sales bring in $20 each
- Mail order sales bring $5 each
The firm's actual sales were 10,000 total units with 4,000 online sale(s) and 6,000 mail order sale(s).
What is the firm's mix variance for sales? Round final answer to nearest cent
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Financial Accounting
Authors: Belverd E. Needles
5th Edition
0395698022, 978-0395698020
