1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRissso [65]
2 years ago
12

Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning

Thunder (MT) and Evening Tender (ET). The following data are provided for the current fiscal year: Budgeted Operating Results MT ET MT ET Price per pound $ 40 $ 60 $ 50 $ 56 Variable cost per pound 20 36 24 40 Sales (in pounds) 4,000 4,000 3,960 5,040 The total market was estimated to be 80,000 pounds at the time of budget. The actual total market for the year is 75,000 pounds. What is the total contribution margin sales volume variance
Business
1 answer:
Marina86 [1]2 years ago
8 0

Answer:

$24,160 favorable

Explanation:

The computation of the total contribution margin sales volume variance is given below:

The Budgeted contribution margin per pound of MT is

= $40 - $20

= $20 per pound

Now the budgeted contribution margin per pound of ET is

= $60 - $30

= $24  per pound

MT's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (3960 - 4000) × $20

= $800 Unfavorable

ET's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (5,040 - 4000) × $24

= $24,960 favorable

Now the total contribution margin sales volume is

= $800 unfavorable + $24,960 favorable

= $24,160 favorable

You might be interested in
Restaurant A uses 60 bags of tomatoes each month. The tomatoes are purchased from a supplier for a price of $80 per bag and an o
ch4aika [34]

Answer:

Explanation:

D = 60 bags

cost = 80 / bag

s = 20 / order

h = 40% of cost

     0.4 * 80 / 100

h= 32 unit/year

D =  d * 12 months

D = 60 * 12

D = 720 bags / year

EOQ = \sqrt{2DS/H}

EOQ = \sqrt{2 *720*20/32}

EOQ = 30 bags

Total cost =  Total holding cost + total ordering cost

Total holding cost  = (Q/2 * H) = (30/2 * 32) = 480

Total ordering cost =  (D/Q * 20) = (720/30 *20) = 480

Total cost = 480 + 480 = 960

Total purchasing cost  = cost * D = 80 * 720 = 57.600

Percentage= total cost  / total purchasing cost  * 100

960 / 57.600 * 100

1.67 %

6 0
3 years ago
A.
Bad White [126]

Answer:

D

Explanation:

Took the test on ed

8 0
3 years ago
Read 2 more answers
What is the expected dividend to be paid in 3 years if yesterday's dividend was $6.00, dividends are expected to grow at a const
kirill [66]

Answer:

D3 = $7.146096 rounded off to $7.15

Explanation:

The dividend growth projected for the stock expects the stock to grow at a constant rate of 6% each year over an indefinite period of time. This means that the $6 dividend paid by the stock in the current year will grow by 6% every year over its life. Thus, the expected dividend to be paid in 3 years will be calculated as follows,

Lets say that the dividend just paid is D0. Thus, the dividend to be paid in 3 years will be D3. So, D3 will be calculated as follows,

D3 = D0 * (1+g)^3

D3 = 6 * (1+0.06)^3

D3 = $7.146096 rounded off to $7.15

5 0
3 years ago
Which statement is true? Multiple Choice Some Income Statement accounts are Permanent and some Income Statement accounts are Tem
Cerrena [4.2K]

Answer:

The correct answer is all income statement accounts are temporary

Explanation:

Income statement is that part of financial statement set aside for determining profits or losses made in accounting period.

The main reason for preparing income statement is to arrive at the retained earnings which are later posted to the balance sheet.

All accounts in the income statement are temporary as they do not have balances carried forward at the end of a period unlike balance sheet where assets,liabilities and equity  have opening and closing balances.

It is for the reason that inventory when purchased is first debited to the balance sheet and posted to income statement when the profit is to be determined and also closing inventory is immediately transferred back to the balance sheet.

5 0
3 years ago
Read 2 more answers
After trying out different brands of toothbrushes, Martin has decided that he prefers Oral B the most. Whenever he is out grocer
fenix001 [56]

Answer:

To Martin Oral b toothbrushes are shopping offerings.

Explanation:

First of all offerings are nothing but the goods and services which are designed by firms in such a way that they deliver values to the consumers.

Shopping offerings are that type of offerings for which a consumer ( like Martin in this case ) would make an effort to do comparison between certain products of two different brands , to see which one is right for him ( like in this case oral b is for Martin ) and that too at the right price.

5 0
3 years ago
Other questions:
  • Candela Company has retained earnings of $500,000, common stock of $400,000, and total common stockholders’ equity of $1,200,000
    7·1 answer
  • Which statements indicate that Rick’s company is a limited liability company? Rick Douglas is a bright and passionate lighting d
    10·1 answer
  • Labor-augmenting (improving) technology causes which of the following? (i) The marginal productivity of labor increases. (ii) Th
    6·1 answer
  • Which career is best suited for people who have a high school diploma
    15·1 answer
  • Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fi
    9·1 answer
  • Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His
    15·1 answer
  • Why do you think that we should study crime and criminals? What information might we gain by doing so?
    15·1 answer
  • Last season at City Opera House, far more people attended opera X than opera Y. However, opera Y generated far greater net profi
    10·1 answer
  • Most viewers of the sitcom Blonde Dream also watch Euphony, a music-based reality show, which is broadcast immediately after Blo
    12·1 answer
  • Given the following:A firms projected free cash flows of2021 $20 million2022 $30 million2023 $50 millionAfter 2023, the growth r
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!