A firm has two types of sales for one product: online and mail order. The...
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Accounting
A firm has two types of sales for one product: online and mail order. The firm understands these two types of sales to be substitutable. The firm's standard mix is 2 online sale(s) for every 10 mail order sale(s).
Online sales bring in $24 each
Mail-order sales bring $7 each
The firm's actual sales were 10,000 total units with 4,000 online sale(s) and 6,000 mail order sale(s).
What is the firm's mix variance for sales?
NOTE: only input a number, without indicating favorability (for simplicity, I've made sure that the relevant variance equation leads to a positive number). Round final answer to cents if necessary.
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