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This is a cost accounting problem. Please show all work. Thank you. Aromatic Coffee, Inc., sells two types of coffee, Colombian and Blue Mountain. The

This is a cost accounting problem. Please show all work. Thank you. image text in transcribed
Aromatic Coffee, Inc., sells two types of coffee, Colombian and Blue Mountain. The monthly budget for U.S. coffee sales is based on a combination of last year's performance; a forecast of industry sales, and the company's expected share of the U.S. market. The following information is provided for March: Actual Colombian Blue Mountain Sales in pounds 7,000 lbs. 8,000 lbs. 16,67% 15.00 $1,37% Price per pound $25 $30 Variable cost per pound 11 14 Budget Colombian Blue Mountain 6,400 lbs. 8,600 lbs 4267 Q! 15.000 57.33% $25 $30 12 13 products, Contribution margin $14 $16 $13 SIZ Budgeted and actual fixed corporate-sustaining costs are $60,000 and $72,000, respectively. TWT wo Required: Determine the total static-budget variance, the total flexible-budget variance, and the total sales volume variance in terms of the contribution margin

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