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Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are Imported, labeled AB and CD. The following data are provided
Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are Imported, labeled AB and CD. The following data are provided for the current fiscal year. Actual Results Budgeted AB CD AB CD Price per bushel $ 25 $ 10 $ 28 $ 18 Variable cost per bushel $ 20 $ 5 $ 18 $ 14 Sales (in bushels) 1,800 2,700 1,500 3,900 The total market was estimated to 45,000 bushels at the time of budget. The actual total market for the year is 37,000 bushels. What is the total contribution margin sales volume variance? Multiple Choice $0. $1,500 favorable. $4,500 favorable. $1,500 unfavorable. $5,500 unfavorable.
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