Question
Wheat Incorporated has an exclusive contract with an exporter. Two brands of wheat are imported, labeled AB and CD. The following data are provided for
Wheat Incorporated 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 the firm's total sales quantity variance?
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How To Save It Fix Your Finances
Authors: Bola Sol
1st Edition
1529118816, 978-1529118810
