The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use...
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The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2017 were as follows: Static Budget Victor House-Mate Total Number sold 6,000 24,000 30,000 Contribution margin $1,580,000 $3,140,000 $4,720,000 Actual Results Victor House-Mate Total Number sold 5,000 35,000 40,000 Contribution margin $1,900,000 $4,140,000 $6,040,000 What is the total static-budget variance in terms of the contribution margin?
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