Calculate the net gross margin variance

Reference no: EM13159020

Beta Division of Gotham Industries, Inc. makes three products. Last month's budgeted and actual sales and margins for these products were as follows:

Budget Actual
Unit Unit Unit Unit
Sales Margin Sales Margin
Product 1 3,200 $10.00 2,850 $10.20
Product 2 1,700 $13.00 2,500 $12.58
Product 3 5,100 $ 9.00 4,250 $ 8.80
10,000 $10.00 9,600 $10.20

Determine the gross margin mix, selling price, and sales volume variances. Calculate the net gross margin variance directly; then as a check see if it equals the sum of the three variance components you calculated individually.

Reference no: EM13159020

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