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 ET's sales mix variance?
Definitions:
Syndicate
A group of individuals or organizations that come together to share or participate in a specific financial transaction or investment.
Investment Group
A collection of individuals or entities that pool their capital together to invest in various projects or assets, often guided by a common investment strategy.
Minnesota Vikings
A professional American football team based in Minneapolis, Minnesota, competing in the NFL.
Joint Venture
A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
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