Answer the following questions using the information below:
The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products:
-What is the total sales-quantity variance in terms of the contribution margin?
Definitions:
Domestic Quantity Demanded
The total amount of a good or service that consumers in a particular country want to buy at given prices.
Tariff
A tax imposed on imported goods and services, intended to increase the cost of imported items and protect domestic industries from foreign competition.
Price
The fund requirement for the acquisition of a good or service.
Free Trade
Global trade allowed to proceed without any tariffs, quotas, or limitations, following its natural flow.
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