Answered step by step
Verified Expert Solution
Question
1 Approved Answer
? 2 4 ?Variance analysis, sales - mix, and sales - quantity variances. Blank Slate Inc. ( BSI ) ?produces tablet computers. BSI markets three
? ?Variance analysis, salesmix, and salesquantity variances. Blank Slate Inc. BSI ?produces
tablet computers. BSI markets three different handheld models. SlatePro is a soupedup version for the
executive on the go; Slate is a consumeroriented version; and Slatelite is a stripped down version for the
young adult market. You are BSI's senior vicepresident of marketing. The CEO has discovered that the total
contribution margin came in lower than budgeted, and it is your responsibility to explain to him why results
are different from the budget. Budgeted and actual operating data for the company's third quarter of
are as follows:
Actual Operating Data, Third Quarter
Required
Compute the actual and budgeted contribution margins in dollars for each product and in total for the
third quarter of
Calculate the actual and budgeted sales mixes for the three products for the third quarter of
For the third quarter of ?calculate total salesvolume, salesmix, and salesquantity variances.
Calculate all variances in terms of contribution margins.
Given that your CEO is known to have temper tantrums ?you want to be well prepared for this meeting.
In order to prepare, write a paragraph or two comparing actual results to budgeted amounts.
?Marketshare and marketsize variances continuation of Problem ?Blank Slate's senior
vicepresident of marketing prepared his budget at the beginning of the third quarter, assuming a ?market
share based on total sales. The total tablet market was estimated by Foolinstead Research to reach sales of
?units worldwide in the third quarter. However, actual sales in the third quarter were ?units.
Required
Calculate the marketshare and marketsize variances for BSI in the third quarter of Calculate all
variances in terms of contribution margins.
Explain what happened based on the marketshare and marketsize variances.
Calculate the actual market size, in units, that would have led to no marketsize variance again using
budgeted contribution margin per unit ?Use this marketsize figure to calculate the actual market
share that would have led to a zero marketshare variance.
LO
SlatePro actual contribution
percent, ?Variance analysis, salesmix, and salesquantity variances. Excel templateLO ?Blank Slate Inc. BSI ?produces tablet computers. BSI markets three different handheld models. SlatePro is a soupedup version for the executive on the go; Slate is a consumeroriented version; and SlateLite is a stripped down version for the young adult market. You are BSI's senior vicepresident of marketing. The CEO has discovered that the total contribution margin came in lower than budgeted, and it is your responsibility to explain to him why results are different from the budget. Budgeted and actual operating data for the company's third quarter of ?are as follows:Required ?Compute the actual and budgeted contribution margins in dollars for each product and in total for the third quarter of ?Calculate the actual and budgeted sales mixes for the three products for the third quarter of ?For the third quarter of ?calculate total salesvolume, salesmix, and salesquantity variances. Calculate all variances in terms of contribution margins. ?Given that your CEO is known to have temper tantrums ?you want to be well prepared for this meeting. In order to prepare, write a paragraph or two comparing actual results to budgeted amounts. Check Figure: ?SlatePro actual contribution percent,
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started