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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:
Required:
a.Calculate the contribution margin for the flexible budget.
b.Determine the total static-budget variance, the total flexible-budget variance, and the total sales-volume variance in terms of the contribution margin.
Strong Desire
An intense longing or yearning for something, which can drive motivation and action toward achieving specific goals or outcomes.
Product
An item or service that is manufactured or provided to meet the needs and wants of consumers.
Wicker Furniture
Furniture made from woven organic materials like rattan, bamboo, cane, or synthetic fibers designed for outdoor or indoor use.
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