Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet...
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Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning Thunder (MT) and Evening Tender (ET). The following data are provided for the current fiscal year, 53 Budgeted Operating Results MT ET MT ET Price per pound $ 60 $ 80 $ 70 $ 75 Variable cost per pound 30 48 32 Sales (in pounds) 3,700 3,700 3,588 4,212 The total market was estimated to be 74.000 pounds at the time of budget. The actual total market for the year is 62.400 pounds What is the firm's market size variance? (Round your intermediate percentage answers to nearest whole percent.)
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