Wheat Inc Has an Exclusive Contract with an Exporter

question 49

Multiple Choice

Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are imported, labeled AB and CD. The following data are provided for the current fiscal year:The total market was estimated to 40,000 bushels at the time of budget. The actual total market for the year is 32,000 bushels.
What is AB's contribution margin sales volume variance?

• A) $0.
• B) $1,500 unfavorable.
• C) $4,000 favorable.
• D) $7,500 unfavorable.
• E) $10,000 unfavorable.

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Definitions:

Native American Population

Refers to the group of people indigenous to the Americas before European colonization.

Dominion of New England

An administrative union of English colonies in North America (1686–1689), including New England and later New York and New Jersey, created by King James II to tighten control over colonial affairs.

Bacon's Rebellion

A 1676 uprising in the Virginia Colony, led by Nathaniel Bacon, which was fueled by discontent among frontiersmen with colonial policies toward Native Americans and governance.

Native American Territory

Areas historically set aside within the United States for the use and residence of Native American tribes and nations.