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Required: 1. What is the contribution margin market share variance? 2. What is the contribution margin market size variance? 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance and sales quantity variance? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) 1. Contribution margin market share variance 2. Contribution margin market size variance 3. Selling price variance Sales volume variance 4. Sales mix variance Sales quantity variance Favorable Unfavorable

Required: 1. What is the contribution margin market share variance? 2. What is the contribution margin market size variance? 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance and sales quantity variance? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) 1. Contribution margin market share variance 2. Contribution margin market size variance 3. Selling price variance Sales volume variance 4. Sales mix variance Sales quantity variance Favorable Unfavorable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required: 1. What is the contribution margin market share variance? 2. What is the contribution margin market size variance? 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance and sales quantity variance? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) 1. Contribution margin market share variance 2. Contribution margin market size variance 3. Selling price variance Sales volume variance Favorable 4. Sales mix variance Sales quantity variance Unfavorable
Transcribed Image Text:Required: 1. What is the contribution margin market share variance? 2. What is the contribution margin market size variance? 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance and sales quantity variance? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) 1. Contribution margin market share variance 2. Contribution margin market size variance 3. Selling price variance Sales volume variance Favorable 4. Sales mix variance Sales quantity variance Unfavorable
Required information [The following information applies to the questions displayed below.] Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarily European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below: Budgeted Weighted Average CM Budgeted Actual Sales units (cases) 29,000 19,000 29,350 21,500 Domestic Export Total 48,000 50,850 Price per case Domestic $ 102 $ 101 Export Variable cost per case 104 106 Domestic Export Contribution margin per case Domestic Export Total contribution margin $ 69 $ 69 82 75 $ 33 $32 22 31 Domestic $ 957,000 $ 939, 200 Export 418,000 666, 500 $ 28.6458 Industry Budget Industry Actual Sales units (cases) 959,550 673,750 Domestic 936,500 663,400 Export The budget was prepared with the expectation that the currency exchange rate would be $1.36 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.56 per euro.
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarily European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below: Budgeted Weighted Average CM Budgeted Actual Sales units (cases) 29,000 19,000 29,350 21,500 Domestic Export Total 48,000 50,850 Price per case Domestic $ 102 $ 101 Export Variable cost per case 104 106 Domestic Export Contribution margin per case Domestic Export Total contribution margin $ 69 $ 69 82 75 $ 33 $32 22 31 Domestic $ 957,000 $ 939, 200 Export 418,000 666, 500 $ 28.6458 Industry Budget Industry Actual Sales units (cases) 959,550 673,750 Domestic 936,500 663,400 Export The budget was prepared with the expectation that the currency exchange rate would be $1.36 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.56 per euro.
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