21. (6 points) Continuing with Bolt data in the previous problem, assume Bolt budgeted a 10.0%...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6648b60a115e9_2256648b609ac538.jpg)
Transcribed Image Text:
21. (6 points) Continuing with Bolt data in the previous problem, assume Bolt budgeted a 10.0% share sales of total bolt products in the local market. Reliable industry data indicates that the actual total number of bolt products sold in the market during same period was 5,250. a. The firm's market share variance based on contribution margin for the period is: 1) $6,615 Fav 2) $1,323 Untax 3) $1,523 Unfax 4) $ 966 Fav b. The firm's market size variance based on contribution margin for the period is: 1) $ 144 Fav 2) $1,523 Unfax 3) $1,008 Unfax. 4) $ 315 Fav 21. (6 points) Continuing with Bolt data in the previous problem, assume Bolt budgeted a 10.0% share sales of total bolt products in the local market. Reliable industry data indicates that the actual total number of bolt products sold in the market during same period was 5,250. a. The firm's market share variance based on contribution margin for the period is: 1) $6,615 Fav 2) $1,323 Untax 3) $1,523 Unfax 4) $ 966 Fav b. The firm's market size variance based on contribution margin for the period is: 1) $ 144 Fav 2) $1,523 Unfax 3) $1,008 Unfax. 4) $ 315 Fav
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Solve the equation (a) Graphically, (b) Numerically, and (c) Symbolically. Then solve the related inequality. |4x7| = 5, |4x - 7| 5
-
Describe why the general transfer pricing rule will lead to the decision that benefits the company as a whole in the case where the selling division is under capacity.
-
One of the questions on the BusinessWeek Subscriber Study was, "In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often?" The data obtained are...
-
Use the working papers from Work Together 19-1 above. Work independently to complete the following problem. 1. For each of the following costs, determine whether the cost should be classified as...
-
At the beginning of the year, Goren Company had total assets of $800,000 and total liabilities of $500,000. (Treat each item independently.) (a) If total assets increased $150,000 during the year and...
-
A strong correlation (>0.85) between the independent variables that you want to include in one multivariate linear regression model is an indication that which assumption has been violated
-
For a residential building project, the developer has estimated the capital investment, net rental revenue, and resale value after 6 years for the following three scenarios. Given the developer's...
-
If x - 27y 0, express y as a function of x. Enter the exact answer.
-
The following information concerning inventories for Neiman Company is available: Beginning work-in-process inventory = $60,000 Ending work-in-process inventory = 76,000 Beginning finished goods...
-
4 Chapter Five: Spreadsheets Applications in Financial Statements Analysis 2 3 14 5 Student Name Student ID EX4 Amman Company Statement of Profit or Loss For the Year Ended December 31, 2018 7 Sales...
-
How do management assertions in financial reporting contribute to the overall quality and reliability of financial statements? In what ways can errors or misstatements in these assertions impact the...
-
Which of the numbers below is closest to the monthly payment needed to pay off a loan of $1250 in 15 equal monthly payments, if the annual interest on the loan is 7%, compounded monthly?
-
1. What are the IMViC test and its significance? 2. List 2 enzymes for citrate utilization and their role for citrate positive bacteria. Identify the medium used for the citrate test and its...
-
Health insurers try to reduce _________ problems by insuring entire groups.
-
The supply of health care has _________ slowly since 1960.
-
The chronically ill are _________ likely to demand insurance than people in good health.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App