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Columbia Coco Beans 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 October: Budgeted Actual Regular Decaf Regular Decaf Price per kilogram $50 $60 $52 $60 Variable cost per kilogram 24 26 24 28 Contribution margin $26 $34 $28 $32 Sales (in kg) 4,000 4,500 3,700 4,800 Budgeted fixed costs are $58,000. Actual fixed costs are $62,000. Required: 1) Calculate the static-budget, flexible-budget and sales-volume variances for the contribution margin, for the company for October.

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Columbia Coco Beans 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 October:

Required:

1) Calculate the static-budget, flexible-budget and sales-volume variances for the contribution margin, for the company for October.

Budgeted fixed costs are $58,000. Actual fixed costs are $62,000.

			Budgeted	Budgeted	Actual	Actual
			Regular	Decaf	Regular	Decaf
Price per kilogram			$ 50	$ 60	$ 52	$ 60
Variable cost per Kilogram			24	26	24	26
Contribution Margin			$ 26	$ 34	$ 28	$ 32
Sales (in kg)			4,000	4,500	3,700	4,800