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Cool Beans is a locally owned coffee shop. The coffee shop plan and actual sales are as follows: Planned Actual Sales (Units) 29,362 34,526 Marketing
Cool Beans is a locally owned coffee shop. The coffee shop plan and actual sales are as follows:
Planned | Actual | |
Sales (Units) | 29,362 | 34,526 |
Marketing Costs | 3,869 | |
Selling Price | 5.50 | 4.85 |
Variable Costs | 1.23 |
What was the value (in $) of Cool Beans volume variance?
Hint: How much more (or less) would Cool Beans have earned if they realized their planned margin?
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