Answer the following questions using the information below:
Shaghai Tea Products has an exclusive contract with British Distributors. Calamine and Shanghai are two brands of teas that are imported and sold to retail outlets. The following information is provided for the month of March:
Budgeted and actual fixed corporate-sustaining costs are $1,750 and $2,000, respectively.
-For the contribution margin, what is the total flexible-budget variance?
Definitions:
Employer Value
The benefits and offerings provided by an employer that make the organization attractive to current and potential employees, often including compensation, work-life balance, and career opportunities.
Market Pricing
The process of determining the value of a job in an organization based on the prevailing market rate for similar positions in the external labor market.
Job Evaluation
The systematic process for assessing the relative worth of jobs within an organization to establish a fair and equitable pay structure.
Pay for Knowledge
A compensation system where employees are paid based on the range and depth of their skills and knowledge, rather than strictly on their job position or seniority.
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