Question
Calculate the total budgeted margin for June 2010. Calculate the total actual margin for June 2010. Calculate the sales volume variance for the Pass product
Calculate the total budgeted margin for June 2010.
Calculate the total actual margin for June 2010.
Calculate the sales volume variance for the Pass product in June 2010.
Calculate the margin variance for the Run product in June 2010.Use the following information to answer Questions 9 - 12. Master Drum Ltd. manufactures and sells three products and during June 2010 the budgeted and actual results were as indicated in the tables below: Budgeted Results Product Total sales $ Volume/units Price $ Margin $ Total margin $ Pass 96,000 1,200 80 40 48,000 Miss 36,000 600 60 20 12,000 Run 14,000 200 70 50 10,000 146,000 2,000 70,000Calculate the total budgeted margin for June 2010.
Calculate the total actual margin for June 2010.
Calculate the sales volume variance for the Pass product in June 2010.
Calculate the margin variance for the Run product in June 2010.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Audit Committee And Audit Quality
Authors: AMINU ALKASIM FAGO, ENIOLA SAMUEL AGBI, MOHAMMED NMA AHMED
1st Edition
6204209868, 978-6204209869
