Clean-It-Up manufactures industrial dryers and washers. The following information is available for February: Dryers Washers Budgeted units
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Question:
Clean-It-Up manufactures industrial dryers and washers. The following information is available for February:
| Dryers | Washers |
Budgeted units sold | 10,000 | 40,000 |
Actual sales (in units) | 8,820 | 33,180 |
Actual selling price per unit | $700 | $900 |
Budgeted selling price per unit | $710 | $930 |
Budgeted market share | 20% | 25% |
Actual market share | 25% | 24% |
Budget cont. margin /unit | $275 | $375 |
REQUIRED:
- Determine the sales-mix and sales-quantity variances.
- Determine the market-share and market-size variances.
- Discuss the potential causes of variance.
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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