Refer to Cornerstone Exercise 18.6. Required: 1. Calculate the budgeted average unit contribution margin. 2. Calculate the
Question:
Required:
1. Calculate the budgeted average unit contribution margin.
2. Calculate the contribution margin volume variance.
3. What if actual units sold of the convection oven decreased? How would that affect the contribution margin volume variance? What if actual units sold of the convection oven increased? How would that affect the contribution margin volume variance?
Transcribed Image Text:
Budgeted Amounts: Toaster Oven Convection Oven Total Sales: ($90 x 25,000) ($ 1 50 × 1 5,000) $2,250,000 S2,250,000 $4,500,000 1,250,000 $1,750,000 S1,500,000 3,250,000 Variable expenses 00,000 750,000 Contribution margin Actual Amounts: Toaster Oven Convection Oven Total Sales: ($88 X 25,800) ($160 × 14,000) $2,270,400 S2,240,000 $4,510,400 1,283,800 $1,728,600 S1,498,000 3,226,600 Variable expenses 541,800 742,000 Contribution margin
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
1 Budgeted average unit contribution margin Budgeted total contribution marg...View the full answer
Answered By
Diane Joyce Pastorin
Please accept my enthusiastic application to solutioninn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group.
4.60+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Question Posted:
Students also viewed these Managerial Accounting questions
-
Refer to Cornerstone Exercise 18.6. Required: 1. Calculate the sales mix variance. 2. What if actual units sold of the toaster oven increased? How would that affect the sales mix variance? What if...
-
Refer to Exercise 19.11. In Exercise 19.11 1. Compute the payback period for each project. Assume that the manager of the clinic accepts only projects with a payback period of three years or less....
-
Salem Co. is considering a project that yields annual net cash inflows of $420,000 for years 1 through 5, and a net cash inflow of $100,000 in year 6. The project will require an initial investment...
-
The monochromatic emissivity of a diffuse-surface at 1600 K varies with wavelength in the following manner : = 0.4 for 0
-
Referring to the sentence lengths given in Problem 14, calculate the deviations (from the mean) for each of the five convicts. What do these deviations indicate about the sentence lengths received by...
-
Phillis and Trey are married and file a joint tax return. For 2017, they have $4,800 of nonbusiness capital gains, $2,300 of nonbusiness capital losses, $500 of interest income, and no itemized...
-
Enhance your plot from Problem 12 with the following: a. Add a curve to your plot for 4 percent interest b. Add a curve to your plot for 6 percent interest c. Add a curve to your plot for 15 percent...
-
On January 1, 2013 the Jorge Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2013. Sales units: ........ First quarter 5,000; second quarter...
-
B of Bombay consigned 400 packages of coffee to K of Kanpur. The cost of each package was Rs. 300. A sum of Rs. 2,000 was paid towards freight and insurance by B. In the transit, 60 packages were...
-
Global Green Books Publishing produces customized eBooks for a local college. It has just received an order for a new eBook on Strategic Human Resource Management in a Global Context from a senior...
-
Iliff, Inc., produces and sells two types of countertop ovensthe toaster oven and the convection oven. Budgeted and actual data for the two models are shown below. Required: 1. Calculate the...
-
Budgeted unit sales for the entire countertop oven industry were 2,500,000 (of all model types), and actual unit sales for the industry were 2,550,000. Recall from Cornerstone Exercise 18.6 that...
-
Assume that you have been asked to review the power needs for a standalone computer system which processes important but noncritical data and does not have to be online at all times, and which stores...
-
You are the manager of Marvelous Merchandise Division and are analyzing weekly sales data that are reported by Hero, sales, and item. To plan production for the upcoming year, you want to determine...
-
Which ritual is required of all registered members of the Satanic Temple?
-
Explain in detail whether audited financial statements can be trusted.Explain why or why not they can or cannot be trusted. What additional methods of analysis might be necessary in order to get...
-
1. Discuss: Is it okay to get angry at work? What about crying? Would this be the same for someone in a service job where cheerfulness is expected by a customer (e.g. a waiter/waitress)? What about...
-
On 31 May 2023 a motor vehicle had a cost of $55,000 and accumulated depreciation of $38,500. If the motor vehicle was sold for a loss of $2,500 on 1 June 2023, how much was received as the cash...
-
In Problems 1932, find the distance d between the points P 1 and P 2 . P = (-0.2, 0.3); P = (2.3, 1.1)
-
In Problems 718, write the augmented matrix of the given system of equations. f0.01x0.03y = 0.06 [0.13x + 0.10y = 0.20
-
A company uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records provided the following information for a product. Compute ending inventory...
-
You borrow $500,000 to purchase a house. The mortgage is a 30-year fixed rate mortgage, with monthly payments. a. Assume that you have good credit, and can borrow money at a 3.75% annual interest...
-
To what degree did he limit the upside and downside exposure of the transaction by hedging one half of it? Do you agree with his critics that he was speculating?
-
A project has cash flows of $118,400, $42,500, $87,300, and $43,200 for Years 0 to 3, respectively. The required rate of return is 11 percent. Based on the internal rate of return of ________ percent...
-
== Consider the binomial pricing model example with So = 4, u = 2, d = 0.5 and r = = 0.25 per period. Let the strike of a call option K = 3.5 and it expires at time 2 (two period case). a) Assume...
-
Dome Metals has credit sales of $486,000 yearly with credit terms of net 90 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take...
Study smarter with the SolutionInn App