Kingston Company provides management services for apartments and rental units. In general, Kingston packages its services into
Question:
Kingston Company provides management services for apartments and rental units. In general, Kingston packages its services into two groups: basic and complete. The basic package includes advertising vacant units, showing potential renters through them, and collecting monthly rent and remitting it to the owner. The complete package adds maintenance of units and bookkeeping to the basic package. Packages are priced on a perrental unit basis. Actual results from last year are as follows:
Required:
1. Calculate the contribution margin variance.
2. Calculate the contribution margin volume variance. (Round calculations to three decimal places.)
3. Calculate the sales mix variance. (Round calculations to three decimal places.)
Step by Step Answer:
Cost Management Accounting And Control
ISBN: 9780324233100
5th Edition
Authors: Don R. Hansen, Maryanne M. Mowen