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What is AB contribution margin sales volume variance

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Reference no: EM133061469

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 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.

Required - What is AB's contribution margin sales volume variance?

Reference no: EM133061469

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