Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. The sum of sales quantity variance and sales mix variance. Also, verify that this total equals the sales volume variance.6. Market size variance for

5. The sum of sales quantity variance and sales mix variance. Also, verify that this total equals the sales volume variance.6. Market size variance for the period.7. Market share variance for the period.8. The sum of the market size variance and market share variance. Also, verify the total equals the sales quantity variance.

image text in transcribed
Ret Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 20XX (000s omitted) follow. Operating Results of 20XX Master Budget for 20Xx Premium Regular Total Premium Regular Total Barrels 220 099 880 280 420 700 Sales $ 35, 200 $ 75,900 $ 111, 100 $ 42,000 $ 50, 400 $ 92,400 Variable expenses 17, 600 46, 200 63, 800 22, 400 29, 400 51, 800 Contribution margin $ 17, 600 $ 29, 700 $ 47, 300 $ 19, 600 $ 21, 000 $ 40, 600 Fixed expenses 11, 000 8,000 19, 060 11, 000 8,900 19,000 Operating income $ 6, 600 $ 21, 700 $ 28, 300 $ 8,600 $ 13, 000 $ 21, 600 Pam Kuder, CEO, expected the total industry sales to be 2,500,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the industry were 2,750,000 barrels. Required: Calculate the following: 1. Selling price variances for the period for each product and for the firm. 2. Sales volume variances for the period for each product and for the firm. 3. Sales quantity variances for each product and the firm. 4. Sales mix variances for the period for each product and for the firm. E The room of the color ationtiti Inrionen and salon miv Marianos Alan unriful that this total Animals the salon uAluma inrianon

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

Practical Pension Scheme Accounting

Authors: Shona Harvie, Joanne Scriven, Phil Spary

2nd Edition

1526508974, 9781526508973

More Books

Students also viewed these Accounting questions