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The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Standard Super Budgeted sales in units 3,000 1,000 Budgeted selling price $500 $850 Budgeted contribution margin per unit $210 $550 Actual sales in units 3,500 1,500 Actual selling price $300 $640 What is the total sales-volume variance in terms of the contribution margin? a. 1,200,000 U b. 380,000 U c. 380,000 F d. 340,000 U

The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Standard Super Budgeted sales in units 3,000 1,000 Budgeted selling price $500 $850 Budgeted contribution margin per unit $210 $550 Actual sales in units 3,500 1,500 Actual selling price $300 $640 What is the total sales-volume variance in terms of the contribution margin? a. 1,200,000 U b. 380,000 U c. 380,000 F d. 340,000 U

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5EB: Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following...
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What is the total sales volume variance and contribution margin?

The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Standard Super Budgeted sales in units 3,000 1,000 Budgeted selling price $500 $850 Budgeted contribution margin per unit $210 $550 Actual sales in units 3,500 1,500 Actual selling price $300 $640 What is the total sales-volume variance in terms of the contribution margin? a. 1,200,000 U b. 380,000 U c. 380,000 F d. 340,000 U
Transcribed Image Text:The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Standard Super Budgeted sales in units 3,000 1,000 Budgeted selling price $500 $850 Budgeted contribution margin per unit $210 $550 Actual sales in units 3,500 1,500 Actual selling price $300 $640 What is the total sales-volume variance in terms of the contribution margin? a. 1,200,000 U b. 380,000 U c. 380,000 F d. 340,000 U
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