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THUSL ved TUTTIDER 5. Capity Tea Products has an exclusive contract with British Distributors. Calamine and Capity are two brands of teas that are imported
THUSL ved TUTTIDER 5. Capity Tea Products has an exclusive contract with British Distributors. Calamine and Capity are two brands of teas that are imported and sold to retail outlets. The following information is provided for the month of March: Budget Calamine 4500 lbs. Actual Calamine Capity Capity. Sales in pounds 3850 lbs. 3980lbs. 3500 lbs Price per pound $2.80 $2.80 $2.00 $3.00 Variable cost per pound 1.00 2.00 1.00 1.50 Contribution margin $1.80 $0.80 $1.50 $1.00 Budgeted and actual fixed corporate-sustaining costs are $1,850 and $2,300, respectively. For the contribution margin, what is the total static-budget variance? * (2 Points) The value must be a number
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