Teddy Bear Company sold a total of 30,000 stuffed tigers and lions. During August the following...
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Teddy Bear Company sold a total of 30,000 stuffed tigers and lions. During August the following information was gathered: Tigers Lions $7.50S10.50 $5.50S10.50 69% 31% 75% 25% Actual selling price Budgeted selling price Actual sales mix Budgeted sales mix Actual variable costs Budgeted variable costs $5.00 $6.50 $4.75 $7.25 30,00010,000 Budgeted unit sales ) What is the Teddy Bear Company total sales-mix variance? b) What is the Teddy Bear Company total sales-quantity variance? What is the Teddy Bear Company total sales-volume variance? Teddy Bear Company sold a total of 30,000 stuffed tigers and lions. During August the following information was gathered: Tigers Lions $7.50S10.50 $5.50S10.50 69% 31% 75% 25% Actual selling price Budgeted selling price Actual sales mix Budgeted sales mix Actual variable costs Budgeted variable costs $5.00 $6.50 $4.75 $7.25 30,00010,000 Budgeted unit sales ) What is the Teddy Bear Company total sales-mix variance? b) What is the Teddy Bear Company total sales-quantity variance? What is the Teddy Bear Company total sales-volume variance?
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Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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