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? 2 4 ?Variance analysis, sales - mix, and sales - quantity variances. Blank Slate Inc. ( BSI ) ?produces tablet computers. BSI markets three

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? 24 ?Variance analysis, sales-mix, and sales-quantity variances. Blank Slate Inc. (BSI) ?produces
tablet computers. BSI markets three different handheld models. SlatePro is a souped-up version for the
executive on the go; Slate is a consumer-oriented version; and Slatelite is a stripped down version for the
young adult market. You are BSI's senior vice-president 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 2022
are as follows:
Actual Operating Data, Third Quarter 2022
Required
Compute the actual and budgeted contribution margins in dollars for each product and in total for the
third quarter of 2022.
Calculate the actual and budgeted sales mixes for the three products for the third quarter of 2022.
For the third quarter of 2022, ?calculate total sales-volume, sales-mix, and sales-quantity 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.
25 ?Market-share and market-size variances (continuation of Problem 24). ?Blank Slate's senior
vice-president of marketing prepared his budget at the beginning of the third quarter, assuming a 25% ?market
share based on total sales. The total tablet market was estimated by Foolinstead Research to reach sales of
400,000 ?units worldwide in the third quarter. However, actual sales in the third quarter were 500,000 ?units.
Required
Calculate the market-share and market-size variances for BSI in the third quarter of 2022.(Calculate all
variances in terms of contribution margins.)
Explain what happened based on the market-share and market-size variances.
Calculate the actual market size, in units, that would have led to no market-size variance (again using
budgeted contribution margin per unit). ?Use this market-size figure to calculate the actual market
share that would have led to a zero market-share variance.
LO (2)
SlatePro actual contribution
percent, 16%17-24 ?Variance analysis, sales-mix, and sales-quantity variances. [Excel template](LO 2) ?Blank Slate Inc. (BSI) ?produces tablet computers. BSI markets three different handheld models. SlatePro is a souped-up version for the executive on the go; Slate is a consumer-oriented 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 2022 ?are as follows:Required 1. ?Compute the actual and budgeted contribution margins in dollars for each product and in total for the third quarter of 2022.2. ?Calculate the actual and budgeted sales mixes for the three products for the third quarter of 2022.3. ?For the third quarter of 2022, ?calculate total sales-volume, sales-mix, and sales-quantity variances. (Calculate all variances in terms of contribution margins.)4. ?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: 1. ?SlatePro actual contribution percent, \(16\%\)
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