The Chair Company manufactures two modular types of chairs: one for the residential market, and the other for the office market. Budgeted and actual operating data for the year 2012 are:
Required:
Compute the following variances in terms of contribution margin:
a. Compute the total static-budget variance, the total flexible-budget variance, and the total sales-volume variance.
b. Compute the sale-mix variance and the sales-quantity variance by type of chair, and in total.
Definitions:
Psychotherapist
A trained professional who employs psychological methods and strategies to help individuals cope with mental health issues, emotional problems, and life challenges.
Appointment
A prearranged meeting or arrangement to see someone at a specific time and place.
Topographical Model
Sigmund Freud’s model of the mind that highlights the conflict between the pleasure principle and the reality principle.
Preconsciousness
The part of the mind that contains thoughts and feelings not currently in consciousness but can be accessed easily.
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