Question
In addition to the volumes provided for Skysong Chocolates in the prior question, the following information is provided regarding the companys standard and actual contribution
In addition to the volumes provided for Skysong Chocolates in the prior question, the following information is provided regarding the companys standard and actual contribution margins.
| Product | Standard Price | Standard Volume | Actual Price | Actual Volume | ||||
| Milk Chocolate | $1.05 | 4,000 | $0.95 | 4,900 | ||||
| Dark Chocolate | $1.60 | 9,000 | $1.46 | 8,400 |
| Product | Standard Contribution Margin | Actual Contribution Margin | ||
| Milk Chocolate | $0.36 | $0.32 | ||
| Dark Chocolate | $0.50 | $0.60 |
Calculate the contribution margin sales volume variance.
| Contribution Margin Sales Volume Variance $______ (Favourable/Unfavourable/Neither) |
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Audit And Accounting Guide State And Local Governments
Authors: AICPA
1st Edition
1945498587, 978-1945498589
