Lewis Incorporated reports the following annual budget and the actual results for Products A, B and...
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Lewis Incorporated reports the following annual budget and the actual results for Products A, B and C for fiscal year, 2021: Product A Product B Product C Product A Product B Product C Selling Price per Variable Cost Unit per Unit $ 10.00 $ 11.00 13.00 $ Budget for Year 2021 Actual for Year 2021 Selling Price per Variable Cost Unit per Unit 9.00 $ 10.40 12.50 6.00 $ 7.50 $ 8.00 $ Contribution Margin per Unit 4.00 3.50 5.00 Contribution Margin per Unit 6.20 $ 8.00 $ 7.80 $ 2.80 2.40 4.70 Total Sales 15,000 18,000 7,000 40,000 Total Sales 6,000 15,000 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). Lewis Incorporated reports the following annual budget and the actual results for Products A, B and C for fiscal year, 2021: Product A Product B Product C Product A Product B Product C Selling Price per Variable Cost Unit per Unit $ 10.00 $ 11.00 13.00 $ Budget for Year 2021 Actual for Year 2021 Selling Price per Variable Cost Unit per Unit 9.00 $ 10.40 12.50 6.00 $ 7.50 $ 8.00 $ Contribution Margin per Unit 4.00 3.50 5.00 Contribution Margin per Unit 6.20 $ 8.00 $ 7.80 $ 2.80 2.40 4.70 Total Sales 15,000 18,000 7,000 40,000 Total Sales 6,000 15,000 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).
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Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Posted Date:
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