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Question - Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are imported, labeled AB and CD. The following data are provided for the current fiscal year:
Budgeted
Actual Results
AB
CD
Price per bushel
$29
$12
$30
$14
Variable cost per bushel
$24
$7
$20
$10
Sales {in bushels}
2600
2400
2700
4800
The total market was estimated to 25,000 bushels at the time of budget. The actual total market for the year is 17,000 bushels. What is the firm's total sales quantity variance?
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