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Practice Question 14 Lonsdale Ltd. manufactures two models of product: basic and Intermediate. The following information is available: Budget Basic Intermediate Number of units sold 280,000 CM $28,000,000 The contribution sales mix variance for the Basic product is: $980,000 favourable $4,140,000 unfavourable $828,000 unfavourable $3,312,000 favourable Actual Results Basic Intermediate 165,600 $13,248,000 120,000 248,400 $9,600,000 $22,536,000

Practice Question 14 Lonsdale Ltd. manufactures two models of product: basic and Intermediate. The following information is available: Budget Basic Intermediate Number of units sold 280,000 CM $28,000,000 The contribution sales mix variance for the Basic product is: $980,000 favourable $4,140,000 unfavourable $828,000 unfavourable $3,312,000 favourable Actual Results Basic Intermediate 165,600 $13,248,000 120,000 248,400 $9,600,000 $22,536,000

FINANCIAL ACCOUNTING
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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Practice Question 14 Lonsdale Ltd. manufactures two models of product: basic and Intermediate. The following information is available: Number of units sold CM Budget Basic Intermediate $980,000 favourable $4,140,000 unfavourable $828,000 unfavourable $3,312,000 favourable 280,000 $28,000,000 The contribution sales mix variance for the Basic product is: Actual Results Basic Intermediate 165,600 $13,248,000 120,000 248,400 $9,600,000 $22,536,000
Transcribed Image Text:Practice Question 14 Lonsdale Ltd. manufactures two models of product: basic and Intermediate. The following information is available: Number of units sold CM Budget Basic Intermediate $980,000 favourable $4,140,000 unfavourable $828,000 unfavourable $3,312,000 favourable 280,000 $28,000,000 The contribution sales mix variance for the Basic product is: Actual Results Basic Intermediate 165,600 $13,248,000 120,000 248,400 $9,600,000 $22,536,000
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