Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 17.30 (Static) Sales Mix and Quantity Variances (LO 17-4) Olivet Devices sells two models of fitness devices. The budgeted price per unit for the

image text in transcribed
Exercise 17.30 (Static) Sales Mix and Quantity Variances (LO 17-4) Olivet Devices sells two models of fitness devices. The budgeted price per unit for the wireless model is $38 and the budgeted price per unit for the vireless and cellular model is $83. The master budget called for sales of 40,000 wireless models and 10,000 wireless and cellular models during the current year Actual results showed sales of 31,000 wireless model5, with a price of $35 per unit, and 12.000 wireless and cellular models, with a price of $80 per unit The standard variable cost per unit is $25 for a wireless model and $60 for a wireless and cellular model. Required: a. Compute the sales activity variance for these data b. Break down the sales activity variance into mix and quantity parts Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the sales activity vanance for these data. coo not round intermediate calculations. Indicate the effect of each variance by selecting " " for favorable, or "U' for unfavorable. It there is no effect, do not select ether option.)

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

Merchandising Math A Managerial Approach

Authors: Doris Kincade, Fay Gibson, Ginger Woodard

1st Edition

0130995886, 978-0130995889

More Books

Students also viewed these Accounting questions

Question

a. What is the value of the parameter ?

Answered: 1 week ago