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Calculate the market size variance. P.S. I got $1,351,600 wrong, but I got favourable correct Question 1 Bonita Inc. produces two models of beds: Regular
Calculate the market size variance. P.S. I got $1,351,600 wrong, but I got favourable correct
Question 1 Bonita Inc. produces two models of beds: Regular and Majestic. Budget and actual data are as follows. Budget Actual Regular Majestic Regular Majestic Selling price per unit $282 $863 $341 $708 Variable costs per unit $234 $601 $254 $527 Sales volume in units 4,900 5,100 7,500 4,700 Sales revenue Variable costs Contribution margin Fixed costs Operating income Master Budget $5,783,100 4,211,700 1,571,400 806,600 $764,800 Actual $5,885,100 4,381,900 1,503,200 1,010,360 $ 492,840 The expected total market sales were 500,000 beds. The actual total market sales were 718,000 bedsStep by Step Solution
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