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thanks Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning Thunder (MT) and Evening Tender
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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: Price per pound Variable cost per pound Sales (in pounds) Budgeted MT ET $ 50 $ 70 25 42 2,860 2,860 Operating Results MT ET $ 60 $ 65 27 46 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. $15,900 unfavorable. $17,140 unfavorable. $18,100 unfavorable. $26,900 unfavorableStep by Step Solution
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