Static-budget total contribution margin Budgeted units to be sold of all glasses Budgeted contribution margin per unit of Plain Budgeted contribution margin per unit of Chic Total sales-quantity variance Actual sales-mix percentage of Plain $15,525 2,300 units $5 per unit $12 per unit $2,700 U 60% All variances are computed in contribution-margin terms. Calculate the sales-quantity variances for each product for June 2017. Calculate the individual-product and total sales-mix variances for June 2017. Calculate the individual- product and total sales-volume variances for June 2017. Briefly describe the conclusions you can draw from the variances. 1. Required 2. 3.

Static-budget total contribution margin Budgeted units to be sold of all glasses Budgeted contribution margin per unit of Plain Budgeted contribution margin per unit of Chic Total sales-quantity variance Actual sales-mix percentage of Plain $15,525 2,300 units $5 per unit $12 per unit $2,700 U 60% All variances are computed in contribution-margin terms. Calculate the sales-quantity variances for each product for June 2017. Calculate the individual-product and total sales-mix variances for June 2017. Calculate the individual- product and total sales-volume variances for June 2017. Briefly describe the conclusions you can draw from the variances. 1. Required 2. 3.

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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am. 117.
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