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Can you please show calculations Thank you Question 5 Red Carpet Coffee and Tea sells classic and flavoured coffees and teas in packages of 500g
Can you please show calculations
Thank you
Question 5 Red Carpet Coffee and Tea sells classic and flavoured coffees and teas in packages of 500g each. Budgeted and actual results for the last quarter are as follows: Budgeted Results Actual Results Coffee Tea Coffee Tea Packages sold 22500 2500 20625 6875 $10.25 $12.75 $11.15 $13.25 Sales Unit Price Variable Unit Costs $5.25 $8.75 $5.25 $9.25 REQUIRED: a) Calculate the static budget variance for the last quarter. b) Calculate the flexible budget variance for coffee and tea. c) Calculate the sales-volume variance for coffee and tea. d) Prove the relationship between the variances computed in parts a), b), and c) and identify the conclusion that Red Carpet Coffee and Tea can draw from the analysisStep by Step Solution
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