Question
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
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:
| Budgeted | Actual Results | |||||||||||||||
| AB | CD | AB | CD | |||||||||||||
| Price per bushel | $ | 20 | $ | 10 | $ | 25 | $ | 12 | ||||||||
| Variable cost per bushel | $ | 15 | $ | 5 | $ | 15 | $ | 8 | ||||||||
| Sales (in bushels) | 1,500 | 2,500 | 1,200 | 3,600 | ||||||||||||
The total market was estimated to 40,000 bushels at the time of budget. The actual total market for the year is 32,000 bushels.
What is AB's contribution margin sales volume variance?
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Financial Accounting Theory And Analysis Text And Cases
Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey
13th Edition
1119577772, 9781119577775
