Q-8 Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 20XX (000somitted) follow:BarrelsSalesVariable expensesContribution marginFixed expensesOperating incomeOperating Results of 20XxRegular630$ 72,45047,250$ 25,2005,000$ 20,200Premium210$ 33,60016,800$ 16,80011,000$ 5,800TotalSales mix variance - PremiumSales mix variance - RegularTotal sales mix varianceSales volume varianceMarket size varianceMarket share varianceSales quantity variance840$ 106,05064,050$ 42,00016,000$ 26,000Master Budget for 20XXRegular390$ 46,80029,250$ 17,5505,000$ 12,550Premium260$ 39,00020,800$ 18,20011,000$ 7,200$$$$$$$TotalPam Kuder, CEO, expected the total industry sales to be 1,625,000 barrels during the period. After the year, Mark Goldfeder, thecontroller, reported that the total sales for the industry were 1,680,000 barrels.650$ 85,80050,050$ 35,75016,000$ 19,75018,900 Unfavorable15,120 Favorable(3,780) Unfavorable21,300 Favorable2,904 Favorable9,240 Favorable10,450 Favorable

Lets understand the basics. Sales mix variance is a variance between the percentage of particular…

Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 20XX (000s omitted) follow: Barrels Sales Variable expenses Contribution margin Fixed expenses Operating income Operating Results of 20Xx Regular 630 Premium 210 $33,600 16,800 $ 16,800 11,000 $ 5,800 $ 72,450 47,250 $ 25,200 5,000 $ 20,200 Total 840 $ 106,050 64,050 $ 42,000 16,000 $ 26,000 Master Budget for 20XX Regular 390 $ 46,800 29,250 $ 17,550 5,000 $ 12,550 Premium 260 $ 39,000 20,800 $ 18,200 11,000 $ 7,200 Total 650 $ 85,800 50,050 $ 35,750 16,000 $ 19,750 Pam Kuder, CEO, expected the total industry sales to be 1,625,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the industry were 1,680,000 barrels.

Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 20XX (000s omitted) follow: Barrels Sales Variable expenses Contribution margin Fixed expenses Operating income Operating Results of 20Xx Regular 630 Premium 210 $33,600 16,800 $ 16,800 11,000 $ 5,800 $ 72,450 47,250 $ 25,200 5,000 $ 20,200 Total 840 $ 106,050 64,050 $ 42,000 16,000 $ 26,000 Master Budget for 20XX Regular 390 $ 46,800 29,250 $ 17,550 5,000 $ 12,550 Premium 260 $ 39,000 20,800 $ 18,200 11,000 $ 7,200 Total 650 $ 85,800 50,050 $ 35,750 16,000 $ 19,750 Pam Kuder, CEO, expected the total industry sales to be 1,625,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the industry were 1,680,000 barrels.

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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