(Answered) Question - a business has the following actual and static

Accounting

Question - A business has the following actual and static budget data for two of its sales items for the month:

	Actual		Budget
	Item 1	Item 2	Item 1	Item 2
Sales units	7,000	8,000	6,400	8,600
Sell price per unit	$25	$30	$25	$30
Variable cost per unit	$11	$14	$12	$13
Contribution margin per unit	$14	$16	$13	$17

Required -

A. Determine the actual total contribution margin for the month.

B. Determine the static budget total contribution margin for the month.

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