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The Corata Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Budgeted sales in units 700 Budgeted selling price unit Standard Actual sales in units $1,700 Budgeted contribution margin per $500 $1070 1400 Actual selling price B. Super A. $495,760 favorable C. D. $1,680 What is the total sales-quantity variance in terms of the contribution margin? (Round intermediary calculations to two decimal places.) $179,760 favorable 2700 $316,000 favorable $600 $136,240 favorable 2800 $650

The Corata Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Budgeted sales in units 700 Budgeted selling price unit Standard Actual sales in units $1,700 Budgeted contribution margin per $500 $1070 1400 Actual selling price B. Super A. $495,760 favorable C. D. $1,680 What is the total sales-quantity variance in terms of the contribution margin? (Round intermediary calculations to two decimal places.) $179,760 favorable 2700 $316,000 favorable $600 $136,240 favorable 2800 $650

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Corata Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Budgeted sales in units 700 Budgeted selling price unit Standard Actual sales in units $1,700 Budgeted contribution margin per $500 $1070 price Actual selling 1400 B. Super A. $495,760 favorable C. D. $1,680 What is the total sales-quantity variance in terms of the contribution margin? (Round intermediary calculations to two decimal places.) $179,760 favorable 2700 $316,000 favorable $600 $136,240 favorable 2800 $650
Transcribed Image Text:The Corata Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Budgeted sales in units 700 Budgeted selling price unit Standard Actual sales in units $1,700 Budgeted contribution margin per $500 $1070 price Actual selling 1400 B. Super A. $495,760 favorable C. D. $1,680 What is the total sales-quantity variance in terms of the contribution margin? (Round intermediary calculations to two decimal places.) $179,760 favorable 2700 $316,000 favorable $600 $136,240 favorable 2800 $650
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