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 | $ | 19 | $ | 9 | $ | 33 | $ | 11 | ||||||||
| Variable cost per bushel | $ | 14 | $ | 4 | $ | 23 | $ | 7 | ||||||||
| Sales (in bushels) | 2,000 | 2,300 | 1,600 | 3,600 | ||||||||||||
The total market was estimated to 33,000 bushels at the time of budget. The actual total market for the year is 25,000 bushels.
What is CD's contribution margin sales volume variance?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
7th Edition
0073530751, 9780073530758
