Problem 17-62 (Static) Industry Volume and Market Share Variances -- Variance Investigation (LO 17-3,7) La Salle Outfitters organizes wilderness tours. For the most recent touring season, the industry volume variance showed La Salle sold 336 more tours than expected, but the market share variance resulted in 96 fewer tours than expected. The standard contribution margin from a single tour is $640. The industry trade group reported that the number of tours sold during the season was 1.400 greater than expected. La Salle's revenues total $1,200,000 during for a typical season. Required: a. What budgeted market share does La Salle use in planning its budget? b. What was the actual market share La Salle captured during the season? a. What budgeted market share does La Salle use in planning its budget? b. What was the actual market share La Salle captured during the season? %

Problem 17-62 (Static) Industry Volume and Market Share Variances -- Variance Investigation (LO 17-3,7) La Salle Outfitters organizes wilderness tours. For the most recent touring season, the industry volume variance showed La Salle sold 336 more tours than expected, but the market share variance resulted in 96 fewer tours than expected. The standard contribution margin from a single tour is $640. The industry trade group reported that the number of tours sold during the season was 1.400 greater than expected. La Salle's revenues total $1,200,000 during for a typical season. Required: a. What budgeted market share does La Salle use in planning its budget? b. What was the actual market share La Salle captured during the season? a. What budgeted market share does La Salle use in planning its budget? b. What was the actual market share La Salle captured during the season? %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

need true help please solve with all working correctly and completely
vnt.iob
s
Manji
In response to poor sales, the sales manager of TJG Ltd has changed the pricing strategy to try and improve revenues and profits. As a result, the operating statement at the end of the period shows the following: Sales price variance: £13,000 Adverse Sales volume variance: £14,000 Favourable Sales quantity variance: E5,000 Favourable Which of the explanations below fits these variances? O Costs will have decreased given volumes have reduced. O Customers chose a less profitable mix than the budget anticipated. A price reduction may have driven an overall increase in contribution. O Prices have increased as the price variance is adverse.
Measure maps Moses Moonrocks Inc. has developed a balanced scorecard with a measure map that suggests that the number of erroneous shipments has a direct effect on operating profit. The company estimates that every shipment error leads to a reduction of revenue by $9,750 and increased costs of about $6,500. Sales $237,000 Cost of goods sold 146,000 Depreciation expense 14,000 Other expenses 12,000 If the company has the above budgeted sales and costs for next month (without accounting for any possible shipping errors), determine how many shipping errors the company can afford to have and still break even. Break-even shipping errors : ?
CPA Corp produces and sells sausages. It expects to sell 4,000 dozen for the year for P45 contribution margin per dozen. The marketing manager expects the total market to be 10,000 dozen per year. The corporation sold 5,000 dozen at P40 contribution margin per unit. The total market was 25,000 dozen. Compute the total sales quantity variance on contribution margin. Indicate if favorable or unfavorable.
please dont provie answer in image format thank you
Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February Number of Hats Produced 6,750 2,800 3,250 4,250 March April May June July August Suppose that Havana expects to sell 4,700 hats during the month of September and that each hat sells for $2.75. Havana performed a least-squares regression and obtained the following results: Intercept X Variable 1 Total Cost $ 7,500 3,900 4,200 5,050 8,150 7,800 3,700 6,150 6,800 Coefficients 1,255.09 0.91 4,450 6,900 7,520 Required: Prepare Havana's contribution margin income statement for the month of September. Note: Round your answers to 2 decimal places. Havana Hats Contribution Margin Income Statement Month of September ▬▬ Next
Compute the sales-quantity and sales-mix variances for each type of ticket and in total in 2017
Subject : Accounting
Moses Moonrocks Inc. has developed a balanced scorecard with a measure map that suggests that the number of erroneous shipments has a direct effect on operating profit. The company estimates that every shipment error leads to a reduction of revenue by $6,000 and increased costs of about $4,000. Sales $227,000 Cost of goods sold 142,000 Depreciation expense 17,000 Other expenses 18,000 If the company has the above budgeted sales and costs for next month (without accounting for any possible shipping errors), determine how many shipping errors the company can afford to have and still break even. Break-even shipping errors : ?