Question: Asking about this question below. Please give me detailed explanations and proper answers. Thanks so much! Lewis Incorporated reports the following annual budget and the

Asking about this question below. Please give me detailed explanations and proper answers. Thanks so much!

Lewis Incorporated reports the following annual budget and the actual results for Products A, B and C for fiscal year, 2021: Budget for Year 2021 Selling Price per Variable Cost Contribution Unit per Unit Margin per Unit Total Sales Product A $ 10.00 $ 6.00 $ 4.00 15,000 Product B 11.00 7.50 $ 3.50 18,000 Product C 13.00 8.00 5.00 7,000 40,000 Actual for Year 2021 Selling Price per Variable Cost Contribution Unit per Unit Margin per Unit Total Sales Product A S 9.00 $ 6.20 $ 2.80 6,000 Product B 10.40 8.00 $ 2.40 15,000 Product C 12.50 7.80 S 4.70 9,000 30,000 Required Calculate total sales-volume variance, total sales-mix variance and total sales-quantity variance (round all answers to the nearest dollar)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

QUESTION 27 Connie's Cakes wants to find out how much cash the company brought in this year. Which is the best financial statement to find this information? O Balance sheet O Income statement O...

Asking about this question below. Please give me detailed explanations and proper answers. Thanks so much! The Green Company produces fabrics. During the period, joint costs of processing were...

Use the flexible budget template to complete this problem The Antigua Blood bank, a private charity partly supported by government grants is located on the Caribbean island of Antigua. The blood bank...

Please attemp the question I have attached and I have guideline for the answers.For question 3,difference between tax evasion and avoiddance can be found in seminar 2 slides.Tax avoidance mean the...

PLEASE ANSWER ME THE QUES 7 AND 8 , THANKS VERY MUCH. NEEDING DETAILED INFORMATION. \freport high account receivable or low current liabilities segregation of duties,double checks, recheck the...

All the information is already proviedde. There is no statement for February. Only information on March. Please check your work. I already posted this question and someone solved it wrong on the...

10-K Ford Motor Company Review Ford Motor Company's Form 10-K for 2012. Explain the purpose of a company?s 10-K and how it interprets the firm?s financial strength. Write a description of three...

Hello please refer to part 4 from the question paper I have attached the past student work for your reference just have to follow the format if you feel comfortable with I have attached the necessary...

What kind of rotatory shaft will be required for counting 10 in up and down the order if the speed is 1x? The shaft should be capable of tracking each count of 10. Draw the shaft and also draw the...

At time t = 0, a 45 V potential difference is suddenly applied to the leads of a coil with inductance L = 50 mH and resistance R = 180. At what rate is the current through the coil increasing at t =...

Examples or DefinitionTerma. Financial returns expected by equity holdersb. Expression of market value relative to a key statistic that is assumed to relate to that valuec. Near - term forecast...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....