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:
Compute the sales-mix variance and the sales-quantity variance by type of vacuum cleaner, and in total. (in terms of the contribution margin)
Definitions:
Long-Range
Refers to planning, goals, or strategies extending far into the future, typically focusing on periods longer than five years ahead.
Environmentally Responsible
Commitment to conducting oneself or one's business in a way that is mindful of the environmental impact and promotes sustainability.
Ethical
Pertaining to moral principles or the branch of knowledge dealing with these, often guiding behavior in both personal and professional contexts.
Value Proposition
A statement of the fundamental benefits of the products or services being offered in the marketplace.
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