Question
Based on the data below for Chess Corporation, which of the following statements is true? BISHOP DIVISION KNIGHT DIVISION Industry volume variance $100K (U) Industry
Based on the data below for Chess Corporation, which of the following statements is true?
BISHOP DIVISION | KNIGHT DIVISION |
Industry volume variance $100K (U) | Industry volume variance $100K (F) |
Market share variance $15K(U) | Market share variance $15K(F) |
Selling price variance $20K(F) | Selling price variance $7K(U) |
Variable cost variance $2K(F) | Variable cost variance $1K(U) |
a.)None of the marketing managers deserve bonuses
b.)Knight division must follow a harvest strategy while the Bishop division must follow a build strategy.
c.)Noneofthemanagershaveperformedwellandconsequentlynoone deserves a bonus.
d.)All managers of the Bishop division deserve their bonus
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