Given an Actual Market for Ice Cream of 64,000 Litres

question 33

Multiple Choice

Given an actual market for ice cream of 64,000 litres, forecasted market for ice cream of 60,000 litres, actual sales of 3,200 litres, projected market share of 4.75%, and a standard contribution margin of $1.30. What is the contribution margin variance?

• A) $455U
• B) none
• C) $225F
• D) $455F

---

Definitions:

Affirmative Action

Policies or practices intended to combat discrimination and promote opportunities in employment or education for historically marginalized groups.

Proportional Representation

A voting mechanism where parties receive a number of seats that correspond to their share of the overall vote.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, often measured by factors such as income, education, and occupation.

Prestige

The respect, admiration, or high regard that an individual, organization, or nation gains based on achievements, quality, or social status.