This topic contains a solution. Click here to go to the answer

Author Question: Blue States Coffee, Inc., sells two types of coffee, Colombian and Blue Mountain. The monthly budget ... (Read 565 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512

Question 1

When there is a lesser degree of homogeneity, fewer cost pools are required to accurately explain the use of company resources.
◦ true
◦ false

Question 2

Blue States Coffee, Inc., sells two types of coffee, Colombian and Blue Mountain. The monthly budget for U.S. coffee sales is based on a combination of last year's performance, a forecast of industry sales, and the company's expected share of the U.S. market. The following information is provided for March:

ActualBudget
ColombianBlue MountainColombianBlue Mountain
Sales in pounds15,000 lbs.17,000 lbs.13,500 lbs.18,000 lbs 
Price per pound$13.00$16.00$13.00$16.00
Variable cost per pound5.009.006.509.00 
Contribution margin$8.00$7.00$6.50$7.00 

Budgeted and actual fixed corporate-sustaining costs are $60,000 and $72,000, respectively. 

Required: 
a.  Calculate the actual contribution margin for the month.
b.  Calculate the contribution margin for the static budget.
c.  Calculate the contribution margin for the flexible budget.
d.  Determine the total static-budget variance, the total flexible-budget variance, and the total sales-volume variance in terms of the contribution margin.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tiffannnnyyyyyy on Mar 6, 2021

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly





 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library