Creepers, Inc What Is the Sales Mix Variance for Spiders?
A) $1,125

question 106

Multiple Choice

Creepers, Inc., manufactures stuffed spiders and mummies. During September the following information was gathered: $\begin{array}{lrrr}&\text { Spiders } & \text { Mummies } \\\text { Units sold } & 6,900 & 3,100 \\\text { Budgeted sales (units) } & 7,500 & 2,500 \\\text { Contribution margin per unit: } & & \\\text { Actual } & \$ 3.75 & \$ 5.75 \\\text { Budgeted } & \$ 2.75 & \$ 5.25\end{array}$ What is the sales mix variance for Spiders?

• A) $1,125 favorable.
• B) $1,500 favorable.
• C) $1,650 unfavorable.
• D) $4,800 favorable.
• E) $4,800 unfavorable.

Recognize the impact of corporate practices and regulations on global labor standards.

Comprehend the structure and purpose of the International Labour Organization (ILO) and its influence on labor standards.

Understand the mechanisms and consequences of environmental and labor standards violations in international trade.

Grasp the concepts of social dumping and its implications on international competition and labor markets.

---

Definitions:

Fair Value Hedge

A type of hedge that aims to offset changes in the fair value of an asset or liability or an unrecognized firm commitment.

Forward Contract

An agreement to buy or sell an asset at a future date at a price agreed upon today, often used to hedge against price movements.

Spot Rates

The current market price at which a particular asset can be bought or sold for immediate delivery and payment.

Fair Value Hedge

A type of hedge that protects against changes in the fair value of an asset, liability, or an unrecognized firm commitment, often due to changes in interest rates or other market variables.