The Omega Corporation manufactures two types of vacuum cleaners: the ZENITH for commercial building use and the House-Helper for residences. Budgeted and actual operating data for the year 20X5 are as follows:
Required:
Compute the sales-mix variance and the sales-quantity variance by type of vacuum cleaner, and in total. (in terms of the contribution margin)
Definitions:
Illegal
Activities or actions that are forbidden by law and subject to criminal penalties or fines.
Opportunity Cost
The value of the next best alternative that is foregone when making a decision.
Alternative Option
A different course of action or choice available to individuals or organizations, often considered when the primary option is deemed unsuitable or unavailable.
Action
The act or process of doing something, typically to achieve an aim or to deal with a problem or situation.
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