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: Operating Results MT ET MT ET Price per pound $ 40 $ 80 $ 50 $ 75 Variable cost per pound 20 48 23 53 Sales (in pounds) 3,000 3,000 2,960 4,440 The total market was estimated to be 60,000 pounds at the time of budget. The actual total market for the year is 59,200 pounds. What is the firm's market size variance? (Round your Intermediate percentage answers to nearest whole percent.) Multiple Choice $1,280 unfavorable. $2,080 unfavorable. Budgeted $3,320 unfavorable. www

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: Operating Results MT ET MT ET Price per pound $ 40 $ 80 $ 50 $ 75 Variable cost per pound 20 48 23 53 Sales (in pounds) 3,000 3,000 2,960 4,440 The total market was estimated to be 60,000 pounds at the time of budget. The actual total market for the year is 59,200 pounds. What is the firm's market size variance? (Round your Intermediate percentage answers to nearest whole percent.) Multiple Choice $1,280 unfavorable. $2,080 unfavorable. Budgeted $3,320 unfavorable. www

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 6E: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The...

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