What is the firm total sales quantity variance

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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

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?

Reference no: EM133075939

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