managerial Accounting

TB MC Qu. 16-107 (Algo) The firm's market size variance: Gourmet Aroma Coffee House 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 Price per pound $ 50 $ 70 $ 65 Variable cost per pound 42 Sales (in pounds) 2,860 2, 860 2, 752 3,648 The total market was estimated to be 57,200 pounds at the time of budget. The actual total market for the year is 51,200 pounds. What is the firm's market size variance? (Round your intermediate percentage answers to nearest whole percent.) Multiple Choice $15,100 unfavorable