Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning Thunder (MT) and Evening Tender (ET) . The following data are provided for the current fiscal year:
The total market was estimated to be 80,000 pounds at the time of budget. The actual total market for the year is 75,000 pounds.
What is the total contribution margin sales volume variance?
Definitions:
Optimal Employment
The level of employment where the marginal product of labor equals the real wage rate, maximizing efficiency and productivity in the use of labor resources.
Marginal Product
The additional output resulting from using one more unit of a production input, keeping all other inputs constant.
Marginal Revenue
The supplementary income generated from the sale of an extra unit of a good or service.
High Skilled Labor
High Skilled Labor refers to jobs that require advanced knowledge or abilities, often gained through extensive education or specific training, and typically command higher wages.
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