For 2010, Wagner Company planned to sell 460,000 units at a $37 selling price. In early 2011,

Question:

For 2010, Wagner Company planned to sell 460,000 units at a $37 selling price. In early 2011, the marketing manager was asked to explain why budgeted revenue had not been achieved. Investigation revealed the following information:

Actual sales volume ......443,000 units

Actual selling price .......$38 per unit

Analyze the information given and prepare the explanation that Wagner's marketing manager should present.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

See More Books

Question Posted: Jul 17, 2012 06:02 AM

See More Questions

Manley Company planned to sell 140,000 units this year at $ 6.00 per unit. Actual results indicate that 142,000 units were sold at $ 6.25 per unit. What are the sales price and sales quantity...
Design a base plate of W14 section determined in problem 1 for a compression member. The total service load that a member can carry is 1422 KN with a dead-to-live load ratio of 5:11. The base plate...
Given this information on planned and actual inputs and outputs for a service center, determine the work backlog for each period. The beginning backlog is 12 hours of work. The figures shown are...
Discriminate the Enablers and the Inhibitors to IT strategy alignment from the below IT fails to meet commitments IT does not understand business IT involved in strategy development IT understands...
On January 1, 2017, Tacoma Corporation had these stockholders' equity accounts. Common Stock ($10 par value, 70,000 shares issued and outstanding) .............$700,000 Paid-in Capital in Excess of...
You are in charge of a new product launch. This will be a formal press launch, where the product is introduced by your managing director and the press and major customers have the opportunity to see...
Monthly City Temperatures The data file CityTemps contains the average monthly temperature (in ${ }^{\circ} \mathrm{C}$ ) for the cities of Moscow (Russia), Melbourne (Australia), and San Francisco...
A firm purchased copper pipes a few years ago at $ 10 per pipe and stored them, using them only as the need arises. The firm could sell its remaining pipes in the market at the current price of $ 9....
Suppose your project is worth $140 with a probability of 60.0% and $84 with a probability of 40.0%. The appropriate cost of capital is 0.1 for the overall project. If you want to raise $92.4 today...
The Mach 10 is a one-person sailboat manufactured by Creative Leisure. The final assembly plant is in Cupertino, California. The assembly area is available for production of the Mach 10 for 200...
Multiple-doctor medical practices are often structured with each doctor acting as a profit center. a. Discuss why such an organizational structure would be useful. b. Go to the Web and find some...
You have asked your sales manager to explain why budgeted revenues for your division are below expectations. The budget indicated $472,500 of revenues based on a sales volume of 630,000 units. Sales...
What are the deltas of a call option and a put option with the following characteristics? What does the delta of the option tell you? Stock price = $67 Exercise price = $70 Risk-free rate = 5% per...
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. White-collar crime, as distinguished from other types of crime, generally does not...
Wojewski, a cardiothoracic surgeon, became a member of the medical staff at Rapid City Regional Hospital. Wojewskis staff status entitled him to admit patients, use the hospitals facilities, a nd...
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. Entire contracts are those composed of several related parts.
When personal taxes on interest income and bankruptcy costs are considered, the general expression for the value of a levered firm in a world in which the tax rate on equity distributions equals zero...
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. Treason is a major crime against the federal government consisting of levying war or...
Describe the aspects of health that make it a consumption good. Describe those that make it an investment good.
The area of a rectangle is 30 cm 2 and its perimeter is 26 cm. Find the length and width of the rectangle.
Li 1 Mn 2 O 4 (a = 8.2495 ) is cubic, whereas Li 2 Mn 2 O 4 is tetragonal (a = 5.653 and c = 9.329 ). Suggest a reason for lower symmetry of Li 2 Mn 2 O 4 . Calculate the volume change upon its...
Explain why a favorable sales-quantity variance occurs.
Explain why a favorable sales-quantity variance occurs.
Distinguish between a market-share variance and a market-size variance.
Write summary of 300 words, with references and 2 question regarding the Feminist Work and Community Education Viv Rogers The concept of community education is subject to similar confusions of...
Explain scanning the internal and external environment of the organization.
ANSWER ALL QUESTIONS 1. Illustrate and explain with examples the risk-return trade off graph of money market, foreign exchange market, bond market, equity market and derivatives market. State and...

For 2010, Wagner Company planned to sell 460,000 units at a $37 selling price. In early 2011,

Question:

Step by Step Answer:

Because the company sold units at a higher than pl...View the full answer

Cost Accounting Foundations and Evolutions

Students also viewed these Cost Accounting questions