II. Park, Inc., produces and sells gel-filled ice packs. Park's performance report for July follows: Actual...
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II. Park, Inc., produces and sells gel-filled ice packs. Park's performance report for July follows: Actual Budgeted Units sold 50,000 40,000 Sales $350,000 $290,000 Variable costs 225,000 190,000 Contribution margin $125,000 $100,000 Market size (in units) 1,000,000 1,000,000 1. Calculate the contribution margin variance and the contribution margin volume variance. Required: II. Park, Inc., produces and sells gel-filled ice packs. Park's performance report for July follows: Actual Budgeted Units sold 50,000 40,000 Sales $350,000 $290,000 Variable costs 225,000 190,000 Contribution margin $125,000 $100,000 Market size (in units) 1,000,000 1,000,000 1. Calculate the contribution margin variance and the contribution margin volume variance. Required:
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Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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