Exercise 17-26 (Algo) Industry Volume and Market Share Variances (LO 17-3)Appoline Juices budgeted sales of 87,240 units of Grape, assuming that the company would have 30 percent of 290,800 units sold ina particular market. The actual results were 78,520 units sold by Appoline, which represented a 26 percent share of the total market.The budgeted contribution margin is $11.00 per unit.Required:Compute the sales activity variance, and break it down into market share variance and the industry volume variance.Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not selecteither option.Sales activity varianceMarket share varianceIndustry volume variance Exercise 18-46 (Algo) Total Factor Productivity (LO 18-6)Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 wasthe original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data forthe three facilities on output and the three primary inputs for the most recent period follow:Value of product producedMaterials costLabor costOverheadFacilityFacility 1Facility 2Facility 3Facility 1$ 546,698224,00093,820101,980Required:a. Compute the total factor productivity for the three production facilities.Note: Round your answers to 2 decimal places.Total FactorProductivityFacility 2$ 284,108139,40041,10082,900Facility 3$ 243,432124,70037,20072,900+

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Appoline Juices budgeted sales of 87,240 units of Grape, assuming that the company would have 30 percent of 290,800 units sold in a particular market. The actual results were 78,520 units sold by Appoline, which represented a 26 percent share of the total market. The budgeted contribution margin is $11.00 per unit. Required: Compute the sales activity variance, and break it down into market share variance and the industry volume variance. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Sales activity variance Market share variance Industry volume variance

Appoline Juices budgeted sales of 87,240 units of Grape, assuming that the company would have 30 percent of 290,800 units sold in a particular market. The actual results were 78,520 units sold by Appoline, which represented a 26 percent share of the total market. The budgeted contribution margin is $11.00 per unit. Required: Compute the sales activity variance, and break it down into market share variance and the industry volume variance. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Sales activity variance Market share variance Industry volume variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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