Johnston Company (JC) sells two types of bicycles with details as follows for 2022: Required: 1. Calculate
Question:
Johnston Company (JC) sells two types of bicycles with details as follows for 2022:
Required:
1. Calculate the budgeted contribution margin for each model.
2. Calculate the following variances:
a. Sales price.
b. Market volume.
c. Market share.
d. Sales mix.
e. Sales quantity.
Transcribed Image Text:
Plan Expected total industry unit sales.. Budgeted JC unit sales .... Budgeted selling price per unit. Budgeted variable costs per unit.. Actuals Actual total industry unit sales.. Actual JC unit sales...... Actual selling price per unit. Actual variable cost per unit. Mountain Road $ $ $ $ 96,000 8.400 1,200 968 120,000 12,000 1,240 1,000 170.000 34.000 $ 1,600 $ 1,258 200,000 36,000 $ 1,575 $ 1,275
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Related Book For
Managerial Accounting
ISBN: 9781260193275
12th Canadian Edition
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
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