Exercise 17-26 (Algo) Industry Volume and Market Share Variances (LO 17-3) Appoline Juices budgeted sales of 88,020 units of Grape, assuming that the company would have 30 percent of 293,400 units sold in a particular market. The actual results were 80,210 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

Exercise 17-26 (Algo) Industry Volume and Market Share Variances (LO 17-3) Appoline Juices budgeted sales of 88,020 units of Grape, assuming that the company would have 30 percent of 293,400 units sold in a particular market. The actual results were 80,210 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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