Compute the sales activity variance for each product, Cost Accounting

Assignment Help:

The next year's budget for Benny, Inc., is given below:

Product 1-2

Sales $945,000-688500
Variable costs 459,900-297,000
Fixed costs 300,000-300,000
Net income $185,100-$91,500
Units 126,000-54,000
Market share 12%-20.0%

At the end of the year, the total fixed costs and the variable costs per unit were exactly as budgeted, but the following units per product line were sold:

Product Line- Units- Sales- Mkt share
1- 126,200- $958,579- 16.0%
2- 56,800- $721,010- 14.2%

Required: (Be sure to indicate whether the variance is favorable or unfavorable.)
a. Compute the sales activity variance for each product.
b. Compute the market share variance for each product.
c. Compute the industry volume variance for each product.

 


Related Discussions:- Compute the sales activity variance for each product

Product costing and pricing, Critically evaluate the product costing and pr...

Critically evaluate the product costing and pricing practices actually in use in modern manufacturing organisations inany of the three countries in the Asia Pacific region, prefera

Determine operating cash flow, What are the missing amounts for the below a...

What are the missing amounts for the below amortization table, given the following information? -  A firm borrows $100,000 from a bank. -  The terms of the loan require the f

Determine the absorption rate of overheads, Determine the Absorption Rate o...

Determine the Absorption Rate of Overheads The budgeted production overheads and other budgeted data of compute are given as: Budget Overhead cost for the period = Ks

Wacc under every of the capital structures, Imperial Sandwich Plc is to be ...

Imperial Sandwich Plc is to be established shortly. The founders are considering their options with regard to capital structure. A total of £5 m will be required to establish the b

Audit plan, 1. You are required to download the latest annual report publis...

1. You are required to download the latest annual report published by one of the following institutions: - Adult Multicultural Education Services - Centre for Adult Education

Material sampling - analyszing direct materials cost, A. Material Sampling ...

A. Material Sampling -Analyzing Direct Material Costs You are reviewing a cost proposal, which includes an $800,200 direct material estimate. After Initial examination of the pro

Ms, Goga Ltd is busy building a five-star hotel in the area, they use the p...

Goga Ltd is busy building a five-star hotel in the area, they use the percentage of completion method to determine profits and would like to calculate the profit for the year. dra

cost behavior, Total fixed cost at different level of productio

Total fixed cost at different level of production

allocation of cost, looking for a dissertation of cost allocatio

looking for a dissertation of cost allocation

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd