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Compute sales-mix variance and the sales-quantity variance

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Reference no: EM132633636

The Octova Corporation manufactures two types of vacuum cleaners: the ZENITH for commercial building use and the House-Helper for residences. Budgeted and actual operating data for the year 2017 are as follows:

Static Budget              Zenith               House-Helper                Total

Number sold              20,000                 80,000                     100,000

Contribution margin        $4,600,000        $15,200,000            $19,800,000

Actual Results                 Zenith                 House-Helper              Total

Number sold                 21,500              64,500                    86,000

Contribution margin       $6,665,000          $14,190,000        $20,855,000

Required:

Problem 1: Compute the sales-mix variance and the sales-quantity variance by type of vacuum cleaner, and in total. (in terms of the contribution margin)

Reference no: EM132633636

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