Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

16 Mark to review this question at Teddy Bear Company sold a total of 30,000 stuffed toy tigers and lions in a given year. During

16 Mark to review this question at Teddy Bear Company sold a total of 30,000 stuffed toy tigers and lions in a given year. During August, the following information was gathered: Previous | Next Tigers Lions Actual selling price $7.50 $10.50 Budgeted selling price $5.50 $10.50 Actual sales mix 69% 31% Q Budgeted sales mix 75% 25% Actual variable costs $5.00 $6.50 Budgeted variable costs $4.75 $7.25 Budgeted unit sales 30.000 10.000 ONS Required: a. What is the Teddy Bear Company total sales-mix variance? (3 marks) b. What is the Teddy Bear Company total sales-quantity variance? (3 marks) c. What is the Teddy Bear Company total sales-volume variance? (3 marks) d. Provide one recommendation to Teddy Bear that may improve its variance results. (1 mark)

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_2

Step: 3

blur-text-image_3

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

Bookkeeping All In One For Dummies

Authors: Consumer Dummies

1st Edition

1119094216, 978-1119094210

More Books

Students also viewed these Accounting questions

Question

Students graphed their completion of homework on a class report.

Answered: 1 week ago