Question
Glendale Valves offers three types of 3 inch valves for sale to retailers: Ball Valves, Butterfly (B.Fly) Valves and Foot Valves. Actual and Budget operating
Glendale Valves offers three types of 3 inch valves for sale to retailers: Ball Valves, Butterfly (B.Fly) Valves and Foot Valves. Actual and Budget operating data by product for the most recent reporting period are as follows:
ACTUAL BUDGET Ball B.Fly Foot Ball B.Fly Foot Sales-# valves 45,220 71,400 121,380 57,500 87,500 105,000 Sales Price per valve $449 $190 $125 $450 $200 $120 VC per valve $288 $142 $95 $290 $140 $90
a. Calculate the sales-mix variance for each product and in total.
b. Calculate the sales-quantity variance for each product and in total.
c. Provide an explanation for the primary driver of the sales-mix variance.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
16th edition
1118742974, 978-1118743201, 1118743202, 978-1118742976
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