Please donot provide solution in image format provide solution in step by step format provide solution fast (c)Break down the company's comprehensive sales activity variance into the sales mix variance and sales quantity variance.specifying the amount and sign for each.Sales mix varianceSales quantity variance$The$FavorableUnfavorableNeither Favorable nor UnfavorableWhich of these two variances had a bigger effect on the comprehensive sales activity variance this year?had a greater effect on the sales activity variance Kevin works in the accounting department of a local footwear manufacturer that specializes in clogs and boots. Clogs and bootstypically sell for $105 and $193 per pair, respectively. Based on past experience, fashion trends, and seasonal shifts, the companyexpected to sell 770 pairs of clogs and 230 pairs of boots. The variable cost per pair was $48 for clogs and $83 for boots.At the end of the year, Kevin evaluated the company's sales and contribution margin amounts against the budget. Actual results forthe year were as follows.●●Actual sales volume: clogs, 946; boots, 154.Actual selling price: clogs, $114 per pair; boots, $184 per pair.Actual per-unit variable costs for each product were the same as budgeted.

A product's sales volume variance is calculated by multiplying the difference between its actual and…

(c) Break down the company's comprehensive sales activity variance into the sales mix variance and sales quantity variance, specifying the amount and sign for each. Sales mix variance $ Sales quantity variance $ The Favorable Unfavorable Neither Favorable nor Unfavorable Which of these two variances had a bigger effect on the comprehensive sales activity variance this year? had a greater effect on the sales activity variance

(c) Break down the company's comprehensive sales activity variance into the sales mix variance and sales quantity variance, specifying the amount and sign for each. Sales mix variance $ Sales quantity variance $ The Favorable Unfavorable Neither Favorable nor Unfavorable Which of these two variances had a bigger effect on the comprehensive sales activity variance this year? had a greater effect on the sales activity 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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