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Aromatic 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

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Aromatic 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 years performance, a forecast of industry sales, and the company's expected share of the U.S. market. The following information is provided for March: Actual Budget Colombian Blue Mountain Colombian Blue Mountain Sales in pounds 7,000 lbs. 8,000 lbs. 6,400 lbs. 8,600 lbs Price per pound $25 11 S30 14 $25 12 S30 13 Variable cost per pound Contribution margin Budgeted and actual fixed corporate-sustaining costs are $60,000 and $72,000, respectively. Required: $14 S16 $13 $17 Determine the total static-budget variance, the total flexible-budget variance, and the total sales-volume variance in terms of the contribution margin

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