Question
Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning Thunder (MT) and Evening Tender (ET).
Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning Thunder (MT) and Evening Tender (ET). The following data are provided for the current fiscal year:
| Budgeted | Operating Results | |||||||||||
| MT | ET | MT | ET | |||||||||
| Price per pound | $ | 30 | $ | 90 | $ | 40 | $ | 46 | ||||
| Variable cost per pound | 20 | 35 | 37 | 53 | ||||||||
| Sales (in pounds) | 3,300 | 3,300 | 3,200 | 4,800 | ||||||||
The total market was estimated to be 73,000 pounds at the time of budget. The actual total market for the year is 68,000 pounds.
What is MT's sales mix variance?
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Internal Auditors For Stock Brokers
Authors: National Institute Of Securities Markets (NISM)
1st Edition
9350717581, 978-9350717585
