Columbia Coffee Inc. sells two types of coffee, Regular and Decaf. The monthly budget for Canadian coffee sales is based on a combination of last year's performance, a forecast of industry sales, and the company's expected share of the Canadian market. The following information is provided for March:
Budgeted fixed costs are $58,000. Actual fixed costs are $62,000.
Required:
Calculate the static-budget, flexible-budget and sales-volume variances for contribution margin, for the company for March.
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