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The Octova 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)
Services
Intangible products offered to consumers, involving human or mechanical efforts to fulfill needs or wants.
Payback Method
A capital budgeting technique that calculates the time required to recoup the cost of an investment, focusing on cash flows rather than profitability or cost of capital.
Bias Towards Liquidity
A preference or inclination for holding or investing in liquid assets, usually due to concerns about future cash needs or market volatility.
Project Analysis
The process of evaluating the financial and operational implications of a proposed project or investment to determine its viability and expected returns.
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