Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. What is the market share variance? 2. What is the market size variance? 3. What is the selling price variance and sales volume variance?

image text in transcribed

1. What is the market share variance?

2. What is the market size variance?

3. What is the selling price variance and sales volume variance?

4. What is the sales mix variance and sales quantity variance?

PLEASE PROVIDE CALCULATIONS

I have the correct answers, but I cannot post them for some reason...please, don't post something if you do NOT KNOW what you are doing!!!

Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarily European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below Budgeted Wt Avg CM Budgeted Actual Sales units (cases) Domestic 28,e8e 18,080 46,0 28,35e 28.500 48,85e Export Total Price per case Domestic 99 1 Export Variable cost per case Domestic Export Contribution margin per case Domestic Export Total contribution margin 182 184 68 68 74 8e 32 31 22 Domestic $896, eee 396, 0 $878, 850 615,08e Export $28.087e Industry Budget Industry Actual Sales units (cases) Domestic 931,58e 659,48e 954,550 669,750 Export The budget was prepared with the expectation that the currency exchange rate would be $1.35 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.54 per euro

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta

17th Edition

0072946601, 9780072946604

More Books

Students also viewed these Accounting questions

Question

Why are financial modeling techniques used in analyzing M&As?

Answered: 1 week ago