Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Gerisch Consolidated sold 21,291 units of its only product last period. It had budgeted sales of 24,441 units based on an expected market share of
Gerisch Consolidated sold 21,291 units of its only product last period. It had budgeted sales of 24,441 units based on an expected market share of 25 percent. The sales activity variance for the period is $378,000U. The industry volume variance was $214,920U. Requlred: o. What is the budgeted contribution margin per unit for the product? b. What is the actual industry volume? c. What was the actual market share for Gerisch? Note: Round your answer to 1 declmal place (I.e. 123 as 12.3). d. What is the market share variance? Note: Indlcate the effect of each varlance by selecting "F" for fovorable, or "U" for unfovorable. If there is no effect, do not select elther optlon
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