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 | $ | 40 | $ | 80 | $ | 30 | $ | 36 | ||||
| Variable cost per pound | 20 | 50 | 30 | 36 | ||||||||
| Sales (in pounds) | 4,000 | 4,000 | 3,960 | 5,040 | ||||||||
The total market was estimated to be 80,000 pounds at the time of budget. The actual total market for the year is 75,000 pounds.
What is the firm's market size variance? (Round your intermediate percentage answers to nearest whole percent.)
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IATF 16949 2016 Plus ISO 9001 2015 Audit Guide And Checklist With ISO 9001 Customer Specific Core Tools And CQI Requirments
Authors: Patrick Ambrose, Systemsthinking .works
2nd Edition
154703355X, 978-1547033553
