Gerisch Consolidated sold 22,090 units of its only product last period. It had budgeted sales of...

Transcribed Image Text:

Gerisch Consolidated sold 22,090 units of its only product last period. It had budgeted sales of 25,240 units based on an expected market share of 25 percent. The sales activity variance for the period is $592,200 U. The industry volume variance was $327,120 U. Required: a. What is the budgeted contribution margin per unit for the product? b. What is the actual industry volume? c. What was the actual market share for Gerisch? Note: Round your answer to 1 decimal place (i.e. .123 as 12.3). d. What is the market share variance? Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Gerisch Consolidated sold 22,090 units of its only product last period. It had budgeted sales of 25,240 units based on an expected market share of 25 percent. The sales activity variance for the period is $592,200 U. The industry volume variance was $327,120 U. Required: a. What is the budgeted contribution margin per unit for the product? b. What is the actual industry volume? c. What was the actual market share for Gerisch? Note: Round your answer to 1 decimal place (i.e. .123 as 12.3). d. What is the market share variance? Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.

Answer rating: 100% (QA)

aComputation of Contribution margin Contribution Margin Sales Activity varianceActual Sale Bud... View the full answer