97. Hollaway Corp. has the following data for the current fiscal year:
Actual Budget
Sales Units
Product X 20,000 90,000
Product Y 140,000 110,000
Total 160,000 200,000
Contribution Margin
Product X $9.00 $8.00
Product Y $6.00 $5.00
The contribution margin sales volume variance is:
98. 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 ET’s contribution margin sales volume variance?
99. 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 MT’s contribution margin sales volume variance?
100. 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?
101. 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 MT’s sales mix variance?
102. 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 ET’s sales mix variance?
103. 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 firm’s total sales mix variance?
104. 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 MT’s sales quantity variance?
105. 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 ET’s sales quantity variance?
106. 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 firm’s total sales quantity variance?
107. 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 firm’s market share variance?
108. 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 firm’s market size variance?
109. Twitter Company manufactures a remote control device for home theaters. The following
data were from the operating period just completed:
Actual market size (units) 12,000
Budgeted market size (units) 11,000
Actual market share 15%
Budgeted market share 12%
Budgeted selling price per unit $60
Actual selling price per unit $55
Budgeted variable cost per unit $30
Actual variable cost per unit $18
What is the firm’s market share variance?
110. Twitter Company manufactures a remote control device for home theaters. The following
data were from the operating period just completed:
Actual market size (units) 12,000
Budgeted market size (units) 11,000
Actual market share 15%
Budgeted market share 12%
Budgeted selling price per unit $60
Actual selling price per unit $55
Budgeted variable cost per unit $30
Actual variable cost per unit $18
What is the firm’s market size variance?
111. 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?
112. 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 CD’s contribution margin sales volume variance?
113. 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 the total contribution margin sales volume variance?
114. 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 the firm’s total sales mix variance?
115. 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 the firm’s total sales quantity variance?
116. 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 the firm’s market share variance?