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NatalieZepeda
07.06.2021 •
Business
Olive Tree Products sold 86,000 units during the last period when industry volume totaled 334,000 units. The company originally expected to sell 89,000 based on a budgeted market share of 20 percent. The budgeted selling price was $59 per unit. Budgeted variable costs were $34 per unit. Budgeted fixed costs were $314,000 and applied based on units produced. Required: Compute the sales activity variance, and break it down into market share variance and the industry volume variance
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Ответ:
See explanation
Explanation:
Actual units sold =86000
Budgeted units sold = 89000
Budgeted selling price = 59
Budgeted variable cost = 34
Budgeted contribution margin = 59 - 34 = 25
Budgeted market share = 20%
Acual industry volume = 334000
Standard units sold = 20% × 334000 = 66800
Sales activity variance:
= (Actual units sold - Budgeted units sold) × Budgeted contribution margin
= (86000 - 89000) × 25
= -3000 × 25
= 75000 Unfavorable
Market share variance will be:
= (86000 × 25) - (66800 × 25)
= 2150000 - 1670000
= 480000 Favorable
Industry volume variance:
= (66800 × 25) - (89000 × 25)
= 1670000 - 2225000
= 555000 Unfavorable
Ответ:
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Explanation:
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