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A (Click the icon to view additional information.) The XRide manufactures an entry-level hoverboard, HOV-X. Pursuing a cost-leadership strategy, the company has tried to improve quality and reduce costs. As a result of the actions taken over the last year, quality has significantly improved in 2020 while rework and unit costs of the HOV-X have decreased. XRide has reduced manufacturing capacity because capacity is no longer needed to support rework. XRide has also lowered HOV-X's selling price to gain market share and unit sales have increased. Information about the current period (2020) and last period (2019) follows: (Click the icon to view operating income for 2019 and 2020.) (Click the icon to view the components to explain changes in operating income.) Suppose that during 2020, the market for hoverboards increased 15%. All increases in market share (that is, sales increases greater than 15%) and decreases in the selling price of HOV-X are the result of XRide's strategic actions. x Data Table Dead the recnicament 2019 Reference 2020 Reference 6,000 2019 2020 XRide has calculated the following growth, price-recovery, and productivity components that explain the change in operating income from 2019 to 2020: Revenues $ 600.000 $ 891,000 Revenue effect of growth F Costs 500,000 437,500 Cost effect of growth U Direct material costs 525,000 1. Units of HOV-X produced and sold 11,000 2. Selling price $ 100 $ 81 3. Direct materials used (kits) 15,000 14,000 4. Direct material cost per kit $ 35 $ 35 5. Manufacturing capacity in kits processed 19,000 12,000 6. Total conversion costs $ 304,000 $ 192,000 7. Conversion cost per unit of capacity (row 6 + row 5) $ 16 $ 16 8. Selling and customer-service capacity 94 customers 94 customers 9. Total selling and customer-service costs $ 11,280 $ 20,680 10. Selling and customer-service capacity per customer (row 9 = row 8) $ 120 $ 220 * A kit is composed of all the major components needed to produce a hoverboard. $ 62.500 Change in operating income due to growth 490,000 192,000 20,680 F Manufacturing conversion costs Selling and customer service costs 304,000 11,280 g income in 2020 was U $ 209,000 9,400 Revenue effect of price recovery Cost effect of price recovery 840,280 Total costs 702,680 U $ (240,280) $ 188,320 218,400 Operating income Change in operating income due to price recovery U Direct material costs $ 472,500 F Print Done Conversion costs More Info F 112,000 0 Selling and customer-service costs $ 584.500 Change in operating income due to productivity F Conversion costs in each year depend on production capacity defined in terms of kits that can be processed, not the actual kits started. Selling and customer-service costs depend on the number of customers that XRide can support, not the actual number of customers it serves. XRide has 78 customers in 2019 and 83 customers in 2020. Print Done Print Done Choose from any list or enter any number in the input fields and then continue to the next question 2. o The XRide manufactures an entry-level hoverboard, HOV-X. Pursuing a cost-leadership strategy, the company has tried to improve quality and reduce costs. As a result of the actions taken over the last year, quality has significantly improved in 2020 while rework and unit costs of the HOV-X have decreased. XRide has reduced manufacturing capacity because capacity is no longer needed to support rework. XRide has also lowered HOV-X's selling price to gain market share and unit sales have increased. Information about the current period (2020) and last period (2019) follows: Click the icon to view the information for 2020 and 2019.) (Click the icon to view additional information.) (Click the icon to view operating income for 2019 and 2020.) (Click the icon to view the components to explain changes in operating income.) Suppose that during 2020, the market for hoverboards increased 15%. All increases in market share (that is, sales increases greater than 15%) and decreases in the selling price of HOV-X are the result of XRide's strategic actions. Read the requirement. First, calculate how much of the change in operating income from 2019 to 2020 is due to the industry-market-size factor, product differentiation, and cost leadership. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Change due to industry market-size Change due to product differentiation Change due to cost leadership Change in operating income How does this relate to XRide's strategy and its success in implementation? Explain. XRide successful in implementing its strategy. The in operating income during 2020 was due to It its prices to gain market share that might also benefit it in future periods. XRide's change in operating income in 2020 was by a growth in the overall market size. A (Click the icon to view additional information.) The XRide manufactures an entry-level hoverboard, HOV-X. Pursuing a cost-leadership strategy, the company has tried to improve quality and reduce costs. As a result of the actions taken over the last year, quality has significantly improved in 2020 while rework and unit costs of the HOV-X have decreased. XRide has reduced manufacturing capacity because capacity is no longer needed to support rework. XRide has also lowered HOV-X's selling price to gain market share and unit sales have increased. Information about the current period (2020) and last period (2019) follows: (Click the icon to view operating income for 2019 and 2020.) (Click the icon to view the components to explain changes in operating income.) Suppose that during 2020, the market for hoverboards increased 15%. All increases in market share (that is, sales increases greater than 15%) and decreases in the selling price of HOV-X are the result of XRide's strategic actions. x Data Table Dead the recnicament 2019 Reference 2020 Reference 6,000 2019 2020 XRide has calculated the following growth, price-recovery, and productivity components that explain the change in operating income from 2019 to 2020: Revenues $ 600.000 $ 891,000 Revenue effect of growth F Costs 500,000 437,500 Cost effect of growth U Direct material costs 525,000 1. Units of HOV-X produced and sold 11,000 2. Selling price $ 100 $ 81 3. Direct materials used (kits) 15,000 14,000 4. Direct material cost per kit $ 35 $ 35 5. Manufacturing capacity in kits processed 19,000 12,000 6. Total conversion costs $ 304,000 $ 192,000 7. Conversion cost per unit of capacity (row 6 + row 5) $ 16 $ 16 8. Selling and customer-service capacity 94 customers 94 customers 9. Total selling and customer-service costs $ 11,280 $ 20,680 10. Selling and customer-service capacity per customer (row 9 = row 8) $ 120 $ 220 * A kit is composed of all the major components needed to produce a hoverboard. $ 62.500 Change in operating income due to growth 490,000 192,000 20,680 F Manufacturing conversion costs Selling and customer service costs 304,000 11,280 g income in 2020 was U $ 209,000 9,400 Revenue effect of price recovery Cost effect of price recovery 840,280 Total costs 702,680 U $ (240,280) $ 188,320 218,400 Operating income Change in operating income due to price recovery U Direct material costs $ 472,500 F Print Done Conversion costs More Info F 112,000 0 Selling and customer-service costs $ 584.500 Change in operating income due to productivity F Conversion costs in each year depend on production capacity defined in terms of kits that can be processed, not the actual kits started. Selling and customer-service costs depend on the number of customers that XRide can support, not the actual number of customers it serves. XRide has 78 customers in 2019 and 83 customers in 2020. Print Done Print Done Choose from any list or enter any number in the input fields and then continue to the next question 2. o The XRide manufactures an entry-level hoverboard, HOV-X. Pursuing a cost-leadership strategy, the company has tried to improve quality and reduce costs. As a result of the actions taken over the last year, quality has significantly improved in 2020 while rework and unit costs of the HOV-X have decreased. XRide has reduced manufacturing capacity because capacity is no longer needed to support rework. XRide has also lowered HOV-X's selling price to gain market share and unit sales have increased. Information about the current period (2020) and last period (2019) follows: Click the icon to view the information for 2020 and 2019.) (Click the icon to view additional information.) (Click the icon to view operating income for 2019 and 2020.) (Click the icon to view the components to explain changes in operating income.) Suppose that during 2020, the market for hoverboards increased 15%. All increases in market share (that is, sales increases greater than 15%) and decreases in the selling price of HOV-X are the result of XRide's strategic actions. Read the requirement. First, calculate how much of the change in operating income from 2019 to 2020 is due to the industry-market-size factor, product differentiation, and cost leadership. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Change due to industry market-size Change due to product differentiation Change due to cost leadership Change in operating income How does this relate to XRide's strategy and its success in implementation? Explain. XRide successful in implementing its strategy. The in operating income during 2020 was due to It its prices to gain market share that might also benefit it in future periods. XRide's change in operating income in 2020 was by a growth in the overall market size