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Sentra Inc. manufactures three types of graphic calculators: Super Deluxe, Deluxe and Regular. The budgeted data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in margin per unit $192 unit units Super Deluxe $373 $181 10,215 Deluxe 270 100 170 38,817 Regular 140 80 60 53,118 Actual operating data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in margin per unit $195 unit units Super Deluxe $370 $175 12,360 Deluxe 280 96 184 42,230 Regular 110 76 34 48,410 Required: a. Compute the actual and budgeted contribution margins in dollars for each product for the last quarter. b. Calculate the actual and budgeted sales mixes for the three products for the last quarter. c. Calculate the total sales-volume, sales mix and sales quantity variances for the quarter. All the variances are to be computed in terms of contribution margins.

Sentra Inc. manufactures three types of graphic calculators: Super Deluxe, Deluxe and Regular. The budgeted data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in margin per unit $192 unit units Super Deluxe $373 $181 10,215 Deluxe 270 100 170 38,817 Regular 140 80 60 53,118 Actual operating data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in margin per unit $195 unit units Super Deluxe $370 $175 12,360 Deluxe 280 96 184 42,230 Regular 110 76 34 48,410 Required: a. Compute the actual and budgeted contribution margins in dollars for each product for the last quarter. b. Calculate the actual and budgeted sales mixes for the three products for the last quarter. c. Calculate the total sales-volume, sales mix and sales quantity variances for the quarter. All the variances are to be computed in terms of contribution margins.

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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This is continuation of problem 2. Sentra Inc. prepared the budget for the last quarter assuming a 25% market share based on total units sold for the industry. The actual sales for the industry for the last quarter turned out to be 515,000 unit.

 

 Required: Calculate the market share and market size variances for Sentra Inc for the last quarter. All variances need to be computed in terms of contribution margins

Sentra Inc. manufactures three types of graphic calculators: Super Deluxe, Deluxe and Regular. The budgeted data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in unit margin per unit units $373 $181 $192 10,215 38,817 Super Deluxe Deluxe 270 100 170 Regular 140 80 60 53,118 Actual operating data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in unit margin per unit units Super Deluxe $370 $175 $195 12,360 Deluxe 280 96 184 42,230 Regular 110 76 34 48,410 Required: a. Compute the actual and budgeted contribution margins in dollars for each product for the last quarter. b. Calculate the actual and budgeted sales mixes for the three products for the last quarter. c. Calculate the total sales-volume, sales mix and sales quantity variances for the quarter. All the variances are to be computed in terms of contribution margins.
Transcribed Image Text:Sentra Inc. manufactures three types of graphic calculators: Super Deluxe, Deluxe and Regular. The budgeted data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in unit margin per unit units $373 $181 $192 10,215 38,817 Super Deluxe Deluxe 270 100 170 Regular 140 80 60 53,118 Actual operating data for the last quarter are given below: Selling price Variable cost per Contribution Sales volume in unit margin per unit units Super Deluxe $370 $175 $195 12,360 Deluxe 280 96 184 42,230 Regular 110 76 34 48,410 Required: a. Compute the actual and budgeted contribution margins in dollars for each product for the last quarter. b. Calculate the actual and budgeted sales mixes for the three products for the last quarter. c. Calculate the total sales-volume, sales mix and sales quantity variances for the quarter. All the variances are to be computed in terms of contribution margins.
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