Rhaden Company produces sweat-resistant headbands for joggers. Information pertaining to Rhaden's operations for May 2011 follows:br> Required1.
Question:
Rhaden Company produces sweat-resistant headbands for joggers. Information pertaining to Rhaden's operations for May 2011 follows:br>
Required1. Compute the sales volume variance for May 2011.2. Compute the market-share and market-size variances for May 2011.3. Comment on possible reasons for the variances you computed in requirement2.
Transcribed Image Text:
Actual Budget 220,000 Units sold Sales revenue Variable cost ratio Market size in units 230,550 $3,412,140 68% 4,350,000 $3,300,000 64% 4,400,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Sales volume market share and market size variances 1 Sales volume variance Budgeted contribution ma...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0132109178
14th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
When will the sales volume variance be unfavorable? When will the sales price variance be unfavorable? Is it possible to have an unfavorable sales volume variance and an unfavorable sales price...
-
How is the sales volume variance calculated? What does it measure? Who within the organization is typically held responsible for the sales volume variance?
-
If the sales volume variance is favorable, does this imply that for inputs such as materials and labor, the actual quantity of the input used will be greater than the flexible budget quantity of the...
-
1. Which type contains a single character enclosed within single quotes? A. Character B. Numeric C. Floating point 2. The modulus operator uses, B. - B. < A. + 3. Every variable should be separated...
-
Construct a run chart for the 48 values. Does there appear to be a pattern suggesting that the process is not within statistical control? Refer to the amounts of energy consumed in the author's home....
-
Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 March 14 March 15 July 30 Sales Purchase Sales Purchase October 5 October 26...
-
A major department store chain is having a sale on refrigerators. The number of refrigerators sold during this sale at a sample of ten stores was: $\begin{array}{llllllllll}80 & 110 & 0 & 40 & 70 &...
-
Suppose GNC, a vitamin and supplement supplier, would like to investigate the relationship between the size of an order and the age of the customer who ordered it. This information could allow GNC to...
-
Provide an introduction to your planned new product/service ( apple watch for elders) and where it will sit within your chosen organization i.e apple inc. Incorporate the possible value proposition....
-
Draw an arithmetic expression tree that has four external nodes, storing the numbers 1, 5, 6, and 7 (with each number stored in a distinct external node, but not necessarily in this order), and has...
-
The Monroe Corporation sets monthly standard costs using a continuous-improvement approach. In January 2012, the standard direct material cost is $45 per unit and the standard direct manufacturing...
-
Tuscany Statuary manufactures bust statues of famous historical figures. All statues are the same size. Each unit requires the same amount of resources. The following information is from the static...
-
Refer to the facts in Exercise 11-28. University Printers estimates that the variable costs in the Personnel Department total $7,000 and in the Maintenance Department variable costs total $3,000....
-
Select two (2) types of teams. Explain the team dynamics in an organization and compare the various functions and roles of these types of teams. What is the purpose of these types of teams and what...
-
Menu engineering is an effective technique that shows the relationship between menu item sales volume, contribution margins, and menu profits. Explain how this analytical tool combined with good...
-
For an organization to thrive, every job must be carefully designed to optimize its functions so the job connects with other jobs in the organization. Ultimately, each job contributes to the...
-
A 1-year European put option on a stock with strike price of $50 is quoted as $7; a 1-year European call option on the same stock with strike price $30 is quoted as $5. Suppose you long one put and...
-
POSEY MANUFACTURING COMPANY AND SUBSIDIARY Consolidated Financial Statement Worksheet December 31, 20X7 Consolidation Entries Posey Co. Stargell Corp. DR CR Consolidated Income Statement Sales Other...
-
What is the primary goal of system testing?
-
Avatar Financials, Inc., located on Madison Avenue, New York City, is a company that provides financial advice to individuals and small- to mid-sized businesses. Its primary operations are in wealth...
-
Gaseous HCl is classified as which of the following? (a) Binary ionic compound (b) Ternary ionic compound (c) Binary molecular compound (d) Binary acid (e) Ternary oxyacid.
-
Describe three reasons for an unfavorable direct manufacturing labor efficiency variance?
-
How does variance analysis help in continuous improvement?
-
Why might an analyst examining variances in the production area look beyond that business function for explanations of those variances?
-
Having a bit of trouble completing part of the code for my guessing game in java. Basically, I need to add the part of the code that will allow the user to choose how many games they wish to play....
-
Find all the "daffodil numbers" between 100 and 999 and output them. "Daffodil number" refers to a three-digit number, and the cube of each digit is exactly equal to the number itself. For example,...
-
Complete the program so that each cell of array sum contains the sum of the corresponding cells of valA and valB: class Exercise3 { public static void main(String[] args) { int[] valA = {13, -22, 82,...
Study smarter with the SolutionInn App