Contribution Margin Variance, Contribution Margin Volume
Variance, Market Share Variance, Market Size Variance
Sulert, Inc., produces...
Contribution Margin Variance, Contribution Margin Volume
Variance, Market Share Variance, Market Size Variance
Sulert, Inc., produces and sells gel-filled ice packs. Sulert’s
performance report for April follows:
Actual
Budgeted
Units sold
290,000
300,000
Sales
$1,450,000
$1,515,000
Variable costs
652,500
636,300
Contribution margin
$ 797,500
$ 878,700
Market size (in units)
1,250,000
1,200,000
Required:
2. Calculate the market share variance and the
market size variance. In your computations, round the unit
contribution margin to three decimal places and round the market...
The Chair company manufactures two modular types of chairs, one
for the residential market, and the...
The Chair company manufactures two modular types of chairs, one
for the residential market, and the other for the office market.
Budgeted and actual operating data for the year 2015 are:
Static Budget
Residential
Office
Total
Number of Chairs
260
140
400
Contribution margin
$26,000
$11,200
$37,200
Actual Results
Residential
Office
Total
Number of Chairs
252
168
420
Contribution Margin
$22,356
$13,248
$35,604
a. Compute the total static budget variance, the total
flexible-budget variance and the total sales-volume variance.
b....
At the beginning of the sales cycle, Apple had projected a 40%
share of the phone...
At the beginning of the sales cycle, Apple had projected a 40%
share of the phone market that is estimated at 23 million units.
Apple expected to sell 3 units of its Pro model for every 5 units
of its Base model.
At the end of the sales cycle, Apple’s market share turned out
to be 39% while the market-wide sales came in at 24 million units.
Actual sales for Apple were equally split between the Pro model and
the...
3. The Omega Corporation manufactures two types of vacuum
cleaners: the ZENITH for commercial building use...
3. The Omega Corporation manufactures two types of vacuum
cleaners: the ZENITH for commercial building use and the
House-Helper for residences. Budgeted and actual operating data for
the year 2018 are as follows: Static Budget ZENITH House-Helper
Total Number sold 15,000 60,000 75,000 Contribution margin
$3,750,000 $12,000,000 $15,750,000 Actual Results ZENITH
House-Helper Total Number sold 16,500 38,500 55,000 Contribution
margin $6,200,000 $10,200,000 $16,400,000
Assume that Omega Corporation operates in Midwest market. The
total Midwest market is expected to be 500,000...
Requirements:
Compute the following:
Total direct materials price variance
The direct materials mix variance
The direct...
Requirements:
Compute the following:
Total direct materials price variance
The direct materials mix variance
The direct materials yield variance
Mix and Yield Variances
Rizzo’s Fish Market Seafood produces cans of seafood mix. The
ingredients for each can are crab, shrimp, and oysters. To produce
one batch of seafood mix weighing 200 Lbs., the following standard
quantities, mix, and prices of these ingredients are needed:
Types of Materials
Standard Quantity (Lbs.)
Standard Mix
Standard Price
Crab
60
30.00%
$
7.20
$ ...
You are given the following static budget report:
Budget Actual Variance
Unit
Sales  
You are given the following static budget report:
Budget Actual Variance
Unit
Sales 10,000 15,000 5,000
F
Variable Expenses:
Commissions $30,000
$33,000 $3,000 U
Advertising $1,000
$1,200 $200 U
Travel $10,000
$11,000 $1,000 U
Samples $2,500
$2,300 $200 F
Total
Variable $43,500
47,500 $4,000 U
Fixed Expenses
Rent $5,000
$5,000 0
Salaries –
Sales $2,000
$2,000 0
Salaries –
Office $1,200
$1,200 0
Depreciation $1,500
$1,500 0
Total
Fixed $9,700
$9,700 0
Total Expenses $53,200 $57,200 $4,000 U
Prepare a flexible budget analysis and explain whether you
believe that costs were controlled. How do the results
of...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct analysis of financial performance for the
year just ended. You obtain the following information that pertains
to the company’s sole product:
Actual
Master (Static) Budget
Units sold
35,000
40,000
Sales
$
384,000
$
470,000
Variable costs
214,000
278,000
Fixed costs
137,000
135,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master (static) budget operating
income for...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct analysis of financial performance for the
year just ended. You obtain the following information that pertains
to the company’s sole product:
Actual
Master (Static) Budget
Units sold
35,000
40,000
Sales
$
396,000
$
453,000
Variable costs
226,000
273,000
Fixed costs
150,500
138,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master (static) budget operating
income for...
How did you calculate the number found in (Budget sales mix) for
the sale 13,559,407 and...
How did you calculate the number found in (Budget sales mix) for
the sale 13,559,407 and 0 and 1,562,669? Thank you I NEED TO SEE
THE CALCULATION
Berkshire Toy
Company
Statement of Operating Income for the Year Ended June 30, 1998
Actual
Master Budget
Master Budget
Variance
F/ U
Flexible
Budget
Flexible Budget
Variance
F/ U
Units sold
325,556
280,000
45,556
F
325,556
Retail and catalog
in units
174,965
8,573,285
11,662,000
3,088,715...