Betty's Bakery sells gourmet cookies and muffins. For the month of January , the below information is
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Question:
Betty's Bakery sells gourmet cookies and muffins. For the month of January , the below information is available for their local market:
Cookies Muffins Actual market size (units ) 520,000 350,000 Budgeted market size (units)550,000 310,000 Actual market share 43% 45%49% Budgeted market share Budgeted Contribution Margin per unit Actual average selling price per unit $1.25 $1.75 $ 2.00 $ 2.75
Required:
a . Compute the market- share variance and market-size variance. (Round intermediate calculations to four decimal places)
b. Compute the total sales-quantity variance.
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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