How do changes in sales mix affect contribution margin variances?
Question:
How do changes in sales mix affect contribution margin variances?
Contribution MarginContribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Each individual type of product in a sales mix has a specific ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cost Management Measuring, Monitoring and Motivating Performance
ISBN: 978-1119185697
3rd Canadian edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook
Question Posted:
Students also viewed these Managerial Accounting questions
-
How do changes in product mix affect contribution margin variances?
-
In 1999, Blue Nile, Inc. began selling diamonds and other fi ne jewelry over the Internet. Using an online retailing model, Blue Nile prices its diamonds at an average of 35% less than traditional...
-
Hartford Publishing Company (HPC) specializes in international business news publications. Its principal product is HPC-Monthly, which is mailed to subscribers the first week of each month. A weekly...
-
public class Class extends ClassA public classB ( ( Time left 0 0 : 1 2 : 0 3 int init = 1 0 ; super ( 4 0 ) ; O a . . The method super is not defined. b . . No values may be passed to super. O c . ....
-
After President Suharto's resignation in 1998, the political and economic development of Indonesia emerged from an era of corruption and strict control. How can the changes implemented to date impact...
-
It has been suggested that the liquid flow rate in a large diameter pipeline could be better regulated by using two control valves instead of one. Suppose that one control valve has a large C v...
-
For the streams listed in Table 7.9 (cyclohexane process) and Table 7.13 (HDA process), specify (or select) a pressure (or temperature), and calculate temperature (or pressure). Indicate the reasons...
-
1. What are some things Colin could have done in or after the meeting when Henri verbally attacked him? 2. Is there anything more Raouf could have done during or after his meeting with Colin to...
-
Control systems exist in numerous varieties, both in type of applications and level of sophistications. Since most systems are dynamic in nature, to control or regulate against a set of desired...
-
Ren-Stimpy International is planning to raise fresh equity capital by selling a large new issue of common stock. Ren-Stimpy is currently a publicly traded corporation, and it is trying to choose...
-
Identify two variances that an organization can use to understand the sales volume variance from an external focus. What do these variances tell managers?
-
How do you calculate the contribution margin sales quantity variance? What does this variance tell managers?
-
The following table shows the rates of total return in successive years from 2004 to 2008 for the AGF Canadian Stock Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By how...
-
A politician makes a speech which is critical of the governments immigration policy, saying that it is too loose and encourages too many people to enter the country and take jobs away from local...
-
Request an interview with a health care executive and explore his perceptions of risk and disaster preparedness for his organization. Ask to see the health care organizations all hazards plan. Based...
-
An astronomical telescope of angular magnification \(M_{\theta}\) consists of an objective lens and an eyepiece lens separated by a distance \(d\), such that the focal points of the lenses coincide...
-
Analyze the fuel consumption data in Table B. 18 for multicollinearity. y X2 X3 X4 xs X6 X7 Xg 343 0 52.8 811.7 2.11 220 261 87 1.8 356 1 52.8 811.7 2.11 220 261 87 1.8 344 0 50.0 821.3 2.11 223 260...
-
For a Markov process define its infinitesimal operator: \[T(t) f\left(X_{s} ight)=\int f(y) p\left(t, X_{s}, y ight) d y=E\left[f\left(X_{t+s} ight) \mid X_{s} ight]\] Show that this operator is a...
-
A manufacturer claims that in a process of producing drill bits, only 2.5% of the bits are dull. Test the claim against the alternative that more than 2.5% of the bits are dull, using a sample of 400...
-
Quadrilateral EFGH is a kite. Find mG. E H <105 G 50 F
-
The controller for Oneida Vineyards, Inc. has predicted the following costs at various levels of wine output. The companys marketing manager has predicted the following prices for the firms fine...
-
You just started a summer internship with the successful management consulting firm of Kirk, Spock, and McCoy. Your first day on the job was a busy one, as the following problems were presented to...
-
Pinellas Printer Company manufactures printers for use with home computing systems. The firm currently manufactures both the electronic components for its printers and the plastic cases in which the...
-
a) Give one reason why local Pakistan bus businesses could benefit from Pakistan's crisis. b) Give one reason why local bus businesses could be hurt by the Rupee crisis.
-
A P/E multiple could be high relative to the S&P 500 Index because its high growth rate justifies it. You notice a stock that has an assumed growth rate of 5.43% with a dividend payout ratio of 64.9%...
-
What would be the volume ( cm 3 ) of a piece of Styrofoam if it had a mass of 3 5 0 g , no matter its shape? Show calculation.
Study smarter with the SolutionInn App