Assume Ginas budget of $16,000 in monthly revenue is based on an estimated 2% market share. Actual
Question:
Assume Gina’s budget of $16,000 in monthly revenue is based on an estimated 2% market share. Actual market size for the month, based on industry data, was $1,250,000 in revenue.
Required:
Compute Gina’s market size variance and market share variance for the most recent month.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
From Appendix B we know that Market Share Variance Actual Market Size Actual Market Share Budgeted Market Share Budgeted Unit Contribution Margin Mark...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following information is based on an actual annual report. Different names and years are being used. Bond and some of its subsidiaries provide certain postretirement medical, dental, and vision...
-
The following information is based on an actual annual report. Different names and years are being used. Bond and some of its subsidiaries provide certain postretirement medical, dental, and vision...
-
The following information is based on an actual annual report. In a recent lending agreement (dated March 3, 2014), Guaraldi Bank, Inc., included the following definitions for terms used in its loan...
-
Understanding the history and background of your company gives you valuable insights as to what to do and what not to do going forward. A brief written summary of the background and history of the...
-
On p. 43 it was pointed out that mass and energy are alternate aspects of a single entity called mass-energy. The relationship between these two physical quantities is Einstein's famous equation, E =...
-
The university computer lab's director keeps track of the lab usage, as measured by the number of students using the lab. This particular function is very important for budgeting purposes. The...
-
Consider the automobile gasoline mileage data in Table B.3. a. Build a linear regression model relating gasoline mileage $y$ to vehicle weight $x_{10}$ and the type of transmission $x_{11}$. Does the...
-
Brad Timberlake is known throughout the world for his insights on effective and efficient time management. Brad has authored several best-selling self-help books (also available in audio and video...
-
Discuss the following forms of share buy-backs permitted in Australia. Include a short description of the characteristics of each form and any legal conditions that are imposed: Equal access...
-
Gallup News Service conducted a survey of 1017 American adults aged 18 years or older, September 4-7, 2014. The respondents were asked, "Of every tax dollar that goes to the federal government in...
-
Gina Matheson owns and operates a successful florist shop in Bloomington, Indiana. Gina estimates that her variable costs amount to $0.25 per sales dollar (i.e., variable costs represent 25% of...
-
SpringFresh provides commercial laundry and linen services to local hospitals, hotels, and restaurants. SpringFresh charges its customers $1.50 per pound laundered, regardless of the items to-be...
-
End Trail Campground is open year-round. However, 80% of its revenues are generated from May through October. Because only 20% of the revenues are generated from November to April, End Trail is...
-
(a) Which combination of quantities p, , 1 and Q is dimensionless: Poemo, : PpQ (6 marks)
-
Demonstrate that the coefficient of compressibility for perfect gas 1 (av 1 is equal to 1/p. (ap pop
-
The length of the stop tube is based on all the following factors except. A) velocity of the rod B) rod seals and bushings C) rod support and load support D) mass of the load
-
The saw blade in a lumber mill (Figure 2) is required to remain in the horizontal position and undergo a complete back-and-forth motion in 3 seconds. An electric motor, having a shaft rotation of 50...
-
3- Temperature distribution on the plate is modelled by the Laplace equation VT = 0. Boundary condition can be seen in the figure. Discretize the Laplace Equ. By using centered finite difference...
-
Determine whether the two vectors are orthogonal and, if not, whether the angle between them is acute or obtuse. (0, 2, 4), (-5, 0, 0)
-
Distinguish between the work performed by public accountants and the work performed by accountants in commerce and industry and in not-for-profit organisations.
-
What is the free rider problem?
-
Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owners equity: a. accounts payable b. cash c. fees earned d. land e. supplies f. wages expense
-
Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owners equity: a. accounts payable b. cash c. fees earned d. land e. supplies f. wages expense
-
Based on the data presented in Exercise 1-16, identify those items that would appear on the income statement.
-
Using Fourier Transforms, solve the following integral Equation for ((t) f (t) - ( ( ( t -u) ue - 2 u H (u) du = foo_flt -4t e H(t)
-
Q1: what is the net operating income under the variable and absorption cost system. A: ACER company Product sales: 1,000 units at $10 each Variable manufacturing costs: $5.50 per unit Fixed...
-
Solve for 2 and graph the solution on the number line below. 245x+9 or 5x +9 69
Study smarter with the SolutionInn App