Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the following questions using the information below: The Chopper Corporation manufactures two types of lithium-battery powered weed trimmers, the Guillotine model for commercial landscaping

image text in transcribedimage text in transcribedimage text in transcribed

Answer the following questions using the information below: The Chopper Corporation manufactures two types of lithium-battery powered weed trimmers, the Guillotine model for commercial landscaping business use and the HoHum model for residential use. Budgeted and actual operating data for the year 2021 were as follows: Prior to the beginning of the year, a consulting firm estimated the total volume for lithium battery powered weed trimmers to be 250,000 units, but actual industry volume was 256,000 units sold in 2021. What is the market-share variance for Chopper Corporation in terms of the contribution margin? (3 marks - 1 for correct multi-choice answer and 2 for showing work in space provided) $1,260,000F None of the other answers $108,000F$360,000U$1,024,000F$1,152,000F Question 20 (1 point) What is the total sales-mix variance for Chopper Corporation in terms of the contribution margin? (3 marks - 1 for correct multi-choice answer and 2 marks for showing work in space provided) $1,260,000F $400,000F $360,000U $900,000F None of the other answers What is the total sales-volume variance for Chopper Corporation in terms of the contribution margin? (3 marks - 1 for correct multi-choice answer and 2 marks for showing work in space provided). $200,000U$400,000F None of the other answers $900,000F$360,000U$1,260,000F Question 22 (1 point) What is the total sales-quantity variance for Chopper Corporation in terms of the contribution margin? (3 marks - 1 for correct multi-choice answer and 2 marks for showing correct work in main question). None of the other answers $900,000F $400,000F $1,260,000F $360,000U $200,000U

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

Total Quality Safety Management And Auditing

Authors: Michael B. Weinstein

1st Edition

1566702836, 978-1566702836

More Books

Students also viewed these Accounting questions

Question

1. What are your creative strengths?

Answered: 1 week ago

Question

What metaphors might describe how we work together?

Answered: 1 week ago