The following data represent the flexible budget for Mountain Mist Brewery, a boutique brewery that manufactures and
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The following data represent the flexible budget for Mountain Mist Brewery, a boutique brewery that manufactures and sells boutique ales.
Note that, overall, the increase in the final price of beer has contributed to the flattening of the Australian beer market. The budgeted market for beer sales in Australia was 1736 megalitres, but the actual market was 1730 megalitres.
Required
(a) Briefly explain the meaning of the $3.03 million contribution margin variance.
(b) Calculate the market share and market size variances for Mountain Mist Brewery.
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Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
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