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Determine the actual total contribution margin

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Question - A business has the following actual and static budget data for two of its sales items for the month:

 

Actual

Budget

 

Item 1

Item 2

Item 1

Item 2

Sales units

7,000

8,000

6,400

8,600

Sell price per unit

$25

$30

$25

$30

Variable cost per unit

$11

$14

$12

$13

Contribution margin per unit

$14

$16

$13

$17

Required -

A. Determine the actual total contribution margin for the month.

B. Determine the static budget total contribution margin for the month.

Reference no: EM131820541

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