Kimball, Inc., produces and sells gel-filled ice packs. Kimballs performance report for August follows: Required: 1. Calculate
Question:
Required:
1. Calculate the contribution margin variance and the contribution margin volume variance.
2. Calculate the market share variance and the market sizevariance.
Transcribed Image Text:
Actual Budgeted Units sold Sales Variable costs 50,000 $350,000 225,000 $125,000 1,000,000 40,000 $290,000 190,000 S100,000 1,000,000 Contribution margin Market size (in units)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
1 Contribution margin ...View the full answer
Answered By
Anoop V
I have five years of experience in teaching and I have National Eligibility in teaching (UGC-NET) .
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
Question Posted:
Students also viewed these Managerial Accounting questions
-
A system bus connects computer system components, including the CPU, memory, storage, and I/O devices. Group of answer choices True/ False
-
Calculate the contribution margin and operating income for June using variable costing. Use the following information for Short Exercises Dracut Company reports the following information for June:...
-
Jackson Enterprises makes product J1 and has the following costs at the given levels of sales, knowing that the selling price per unit is $100: July Month August September October November December...
-
Many states are now imposing severance taxes on resources being extracted within their borders. In order to understand the effect of these on the allocation of the mineral over time, assume a stable...
-
Jenny, age 14, lives in a household with her father, uncle, and grandmother. The household is maintained by the uncle. The parties, all of whom file their own Federal income tax returns, have AGI as...
-
Orinoco Inc. produces and sells wireless reading devices. A competitor, Nile Electronic Products (NEP), sells similar wireless reading devices that it purchases at wholesale from Sonex for $97 each....
-
You try to push a heavy box along the floor while you are dressed in socks, but your feet keep slipping. When you put on some shoes, your feet no longer slip, and you are able to do work on the box...
-
The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. The selling price of the companys product is $22.00 per unit. Management...
-
QUESTION THREE (a) (b) Joseph intends to start a small business specializing in software development to cater for the youth; however a business consultant has advised him to be extra careful before...
-
On January 2, 2020, Brook Company acquired machinery by issuing a 3%, $360,000 note due in five years on December 31, 2024. Annual payments are $78,608 each December 31. The payment schedule is:...
-
Kingston Company provides management services for apartments and rental units. In general, Kingston packages its services into two groups: basic and complete. The basic package includes advertising...
-
Shannon, Inc., has two divisions. One produces and sells paper party supplies (napkins, paper plates, invitations); the other produces and sells cookware. A segmented income statement for the most...
-
To determine the effectiveness of an exercise regimen, a physical therapist randomly selects 10 women to participate in a study. She measures their waistlines (in inches) both before and after a...
-
Take an inventory of your email address and any virtual networks such as Facebook or Instagram where you have a membership or maintain a profile. Is there any information an employer could retrieve...
-
Let be the proportion of students at a university who approve the government's policy on students' allowances. The students' newspaper is going to take a random sample of \(n=30\) students at a...
-
A steam power plant operating on a basic Rankine cycle has the following parameters: maximum (boiler) pressure 20 bar; minimum (condenser) pressure 0.5 bar. Calculate the thermal efficiency of the...
-
Explain how payments are calculated in an OIS.
-
It is April 7, 2022. The quoted price of a U.S. government bond with a 6% per annum coupon (paid semiannually) is 120-00. The bond matures on July 27, 2033. What is the cash price? How does your...
-
What is the purpose of no-fault insurance? a. What can and cannot be recovered with no-fault insurance? b. What limits are often established with no-fault insurance, and on what are these limits...
-
The polar coordinates of a point are given. Find the rectangular coordinates of the point. (-1, - /3)
-
Assume that the transfers with handshaking shown in Figure 11-8 are between a CPU on the left and an I/O interface on the right. There is an address coming from the CPU for each of the transfers,...
-
Cincinnati Cycle Company produces two subassemblies, JY-63 and RX-67, used in manufacturing motorcycles. The company is currently using an absorption costing system that applies overhead based on...
-
Madison Electric Pump Corporation manufactures electric pumps for commercial use. The company produces three models, designated as regular, advanced, and deluxe. The company uses a job-order cost...
-
Refer to the product costs developed in requirement (2) of the preceding problem. Prepare a table showing how Madison Electric Pump Corporations traditional volume-based product-costing system...
-
During the fall season, a retailer determined that in order to meet the next season's planned sales, the total amount of merchandise required next season was $360,000 at retail, with an initial...
-
Explore the role of collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs) in securitizing and tranched collateralized credit exposures. How do structured finance vehicles,...
-
The faculty members from a local school voted to determine the winner of the "Student of the Year" award. The candidates were Ivanna, Tony, and Michael. The voting ballots are summarized in the...
Study smarter with the SolutionInn App