Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dlane's Designs is a small business rum out of its owner's house. For the past 6 months, the company has been selling two products, a

image text in transcribed
image text in transcribed
Dlane's Designs is a small business rum out of its owner's house. For the past 6 months, the company has been selling two products, a welcome sign and a birdhouse. The owner has been concerned about the company's marketing effectiveness: The master budget and actual results for March of this year follow: The total market for welcome signs for each of the last 6 months was 500 budgeted and 500 actual. Diane expected the total market for birdhouses to be 272 units per month; the actual volume for the entire market, however, turned out to be only 220 units per month. Required: 1. Compute Diane's actual market share for weicome signs and birdhouses. (Round your answers to 1 decimal place.) 2. What is the market share contribution margin variance? (Leave no cell blank; if there is no effect enter " 0" and select "None" from dropdown. Do not round intermediate calculations. Round your answers to 2 decimal places.) 3. What is the market size contribution margin variance? (Leave no cell blank; if there is no effect enter " 0 " and select "None" from dropdown. Do not round intermediate calculations. Round your answers to 2 decimal places.)

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

Investing In People Financial Impact Of Human Resource Initiatives

Authors: John W. Boudreau, Wayne F. Cascio, Alexis A. Fink

3rd Edition

1586446096, 978-1586446093

More Books

Students also viewed these Accounting questions

Question

Explain the characteristics of an effective appraisal system.

Answered: 1 week ago

Question

Describe the various performance appraisal methods.

Answered: 1 week ago

Question

Define performance appraisal.

Answered: 1 week ago