Answer the Following Questions Using the Information Below:
Ceylon Tea

question 207

Multiple Choice

Answer the following questions using the information below:
Ceylon Tea Products has an exclusive contract with West Sydney Tea Importers Corporation.Calamine and Ceylon are two brands of teas that are imported and sold to retail outlets.The following information is provided for the month of March:
$$\begin{array}{c}&&&&&&&&&&&&&{ \text { Actual } } &&&&&&& { \text { Budget } } \\\end{array}\\\begin{array} { l r r r r r } & \text { Calamine } & \text { Ceylon } & & \text { Calamine } & \text { Ceylon } \\\text { Sales in kg } & 1850 \mathrm {~kg} & 1650 \mathrm {~kg} & & 2000 \mathrm {~kg} & 1500 \mathrm {~kg} \\\text { Price per kg } & \$ 2.50 & \$ 2.50 & & \$ 2.00 & \$ 3.00 \\\text { Variable cost per kg } & \underline { 1.00 } & \underline { 2.00 } && \underline { 1.00 } & \underline { 1.50 } \\\text { Contribution margin } & \underline {\$ 1.50} & \underline { \$ 0.50} & & \underline { \$ 1.00} & \underline { \$ 1.50}\end{array}$$ Budgeted and actual fixed corporate-sustaining costs are $1750 and $2000,respectively.
-For the contribution margin,what is the total flexible-budget variance?

• A)$500 favourable
• B)$725 unfavourable
• C)$650 unfavourable
• D)$300 favourable

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Definitions:

Double-Membrane Organelles

Cellular components surrounded by two lipid bilayers, including the nucleus, mitochondria, and chloroplasts in plants, playing various roles in cellular functioning.

Photosynthesis

The method through which green plants and certain organisms utilize sunlight to produce nutrients from carbon dioxide and water, releasing oxygen as a secondary product.

Plastids

Organelles found in the cells of plants and algae that are responsible for photosynthesis, storage of products like starch, and the synthesis of many types of molecules.

Biofilm

A biofilm is a complex aggregation of microorganisms growing on a solid substrate, often encased in a self-produced matrix of extracellular polymeric substances.