The sales quantity variance for each product. Given information: Static budget total contribution margin is $15,525. Budgeted units to be sold of all glasses are $2,300 units. Budgeted contribution margin per unit of P is $5 per unit. Budgeted contribution margin per unit of C is $12 per unit. Total sales quantity variance is $2,700 unfavorable. Actual sales mix percentage of plain is 60%.

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Answer 1

Question

Chapter 14, Problem 14.24E

1.

To determine

To compute: The sales quantity variance for each product.

Given information:

Static budget total contribution margin is $15,525.

Budgeted units to be sold of all glasses are $2,300 units.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted contribution margin per unit of C is $12 per unit.

Total sales quantity variance is $2,700 unfavorable.

Actual sales mix percentage of plain is 60%.

2.

To determine

To compute: The individual product and total sales mix variance.

Given information:

Total actual unit sold is 1,900.

Budgeted sales mix of P is 0.75.

Actual sales mix percentage of plain is 60%.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted sales mix of C is 0.25.

Actual sales mix percentage of plain is 40%.

Budgeted contribution margin per unit of C is $12 per unit.

3.

To determine

To explain: The result of calculation of sales variance.

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The following were selected from among the transactions completed by Babcock Company during November of the current year: Nov. 3 Purchased merchandise on account from Moonlight Co., list price $85,000, trade discount 25%, terms FOB destination, 2/10, n/30. 4 Sold merchandise for cash, $37,680. The cost of the goods sold was $22,600. 5 Purchased merchandise on account from Papoose Creek Co., $47,500, terms FOB shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice. 6 Returned merchandise with an invoice amount of $13,500 ($18,000 list price less trade discount of 25%) purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co., $15,600 with terms n/15. The cost of the goods sold was $9,400. 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14 Sold merchandise with a list price of $236,000 to customers who used VISA and who redeemed $8,000 of pointof- sale coupons. The cost…

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Answer 2

Question

Chapter 14, Problem 14.24E

1.

To determine

To compute: The sales quantity variance for each product.

Given information:

Static budget total contribution margin is $15,525.

Budgeted units to be sold of all glasses are $2,300 units.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted contribution margin per unit of C is $12 per unit.

Total sales quantity variance is $2,700 unfavorable.

Actual sales mix percentage of plain is 60%.

2.

To determine

To compute: The individual product and total sales mix variance.

Given information:

Total actual unit sold is 1,900.

Budgeted sales mix of P is 0.75.

Actual sales mix percentage of plain is 60%.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted sales mix of C is 0.25.

Actual sales mix percentage of plain is 40%.

Budgeted contribution margin per unit of C is $12 per unit.

3.

To determine

To explain: The result of calculation of sales variance.

Expert Solution & Answer

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Answer 3

Question

Chapter 14, Problem 14.24E

1.

To determine

To compute: The sales quantity variance for each product.

Given information:

Static budget total contribution margin is $15,525.

Budgeted units to be sold of all glasses are $2,300 units.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted contribution margin per unit of C is $12 per unit.

Total sales quantity variance is $2,700 unfavorable.

Actual sales mix percentage of plain is 60%.

2.

To determine

To compute: The individual product and total sales mix variance.

Given information:

Total actual unit sold is 1,900.

Budgeted sales mix of P is 0.75.

Actual sales mix percentage of plain is 60%.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted sales mix of C is 0.25.

Actual sales mix percentage of plain is 40%.

Budgeted contribution margin per unit of C is $12 per unit.

3.

To determine

To explain: The result of calculation of sales variance.

Expert Solution & Answer

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Answer 4

Question

Chapter 14, Problem 14.24E

1.

To determine

To compute: The sales quantity variance for each product.

Given information:

Static budget total contribution margin is $15,525.

Budgeted units to be sold of all glasses are $2,300 units.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted contribution margin per unit of C is $12 per unit.

Total sales quantity variance is $2,700 unfavorable.

Actual sales mix percentage of plain is 60%.

2.

To determine

To compute: The individual product and total sales mix variance.

Given information:

Total actual unit sold is 1,900.

Budgeted sales mix of P is 0.75.

Actual sales mix percentage of plain is 60%.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted sales mix of C is 0.25.

Actual sales mix percentage of plain is 40%.

Budgeted contribution margin per unit of C is $12 per unit.

3.

To determine

To explain: The result of calculation of sales variance.

Expert Solution & Answer

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Answer 5

Chapter 14, Problem 14.24E

1.

To determine

To compute: The sales quantity variance for each product.

Given information:

Static budget total contribution margin is $15,525.

Budgeted units to be sold of all glasses are $2,300 units.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted contribution margin per unit of C is $12 per unit.

Total sales quantity variance is $2,700 unfavorable.

Actual sales mix percentage of plain is 60%.

2.

To determine

To compute: The individual product and total sales mix variance.

Given information:

Total actual unit sold is 1,900.

Budgeted sales mix of P is 0.75.

Actual sales mix percentage of plain is 60%.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted sales mix of C is 0.25.

Actual sales mix percentage of plain is 40%.

Budgeted contribution margin per unit of C is $12 per unit.

3.

To determine

To explain: The result of calculation of sales variance.

Answer 6

Chapter 14, Problem 14.24E

1.

To determine

To compute: The sales quantity variance for each product.

Given information:

Static budget total contribution margin is $15,525.

Budgeted units to be sold of all glasses are $2,300 units.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted contribution margin per unit of C is $12 per unit.

Total sales quantity variance is $2,700 unfavorable.

Actual sales mix percentage of plain is 60%.

Answer 7

Chapter 14, Problem 14.24E

1.

To determine

To compute: The sales quantity variance for each product.

Given information:

Static budget total contribution margin is $15,525.

Budgeted units to be sold of all glasses are $2,300 units.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted contribution margin per unit of C is $12 per unit.

Total sales quantity variance is $2,700 unfavorable.

Actual sales mix percentage of plain is 60%.

Answer 8

2.

To determine

To compute: The individual product and total sales mix variance.

Given information:

Total actual unit sold is 1,900.

Budgeted sales mix of P is 0.75.

Actual sales mix percentage of plain is 60%.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted sales mix of C is 0.25.

Actual sales mix percentage of plain is 40%.

Budgeted contribution margin per unit of C is $12 per unit.

Answer 9

2.

To determine

To compute: The individual product and total sales mix variance.

Given information:

Total actual unit sold is 1,900.

Budgeted sales mix of P is 0.75.

Actual sales mix percentage of plain is 60%.

Budgeted contribution margin per unit of P is $5 per unit.

Budgeted sales mix of C is 0.25.

Actual sales mix percentage of plain is 40%.

Budgeted contribution margin per unit of C is $12 per unit.

Answer 10

3.

To determine

To explain: The result of calculation of sales variance.

Answer 11

3.

To determine

To explain: The result of calculation of sales variance.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 14 - Prob. 14.1Q Ch. 14 - Why is customer-profitability analysis an...Ch. 14 - Prob. 14.3Q Ch. 14 - A customer-profitability profile highlights those...Ch. 14 - Give examples of three different levels of costs...Ch. 14 - What information does the whale curve provide?Ch. 14 - A company should not allocate all of its corporate...Ch. 14 - What criteria might managers use to guide...Ch. 14 - Once a company allocates corporate costs to...Ch. 14 - A company should not allocate costs that are fixed...

To explain: The result of calculation of sales variance.

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