I just need to reference numbers for the calculations how to send my question with excel attachment Use with Excel The TV Corporation manufactures 2 types of TVs The Basic TV and the Deluxe TV Budgeted and actual annual operating data are as follows Static Budget Basic Deluxe Total Number units Sold 60,000 40,000 100,000 Total Contribution Margin $3,480,000 $3,444,000 $6,924,000 Budgeted CM per unit $58 00 $86 10 Actual Results Number units sold 59,850 45,150 105,000 Total Contribution Margin $3,650,850 $3,612,000 $7,262,850 But, the actual industry volume was 300,000 Units Prior to the beginning of the year, a consulting firm estimated the total volume for volume of the Basic and Deluxe industry category to be 310,000 Units Required Calculate the following information and variances on the worksheet entitled analysis I have tried to give some helpful hints Use the contribution margin approach in the following sales variance analysis that follows a Calculate the Static budget variance I have tried to set up a model to use on the analysis worksheet Look at Exhibit 14 11 p 571 b Calculate the contribution margin for the flexible budget c Calculate the flexible budget variance d Calculate the sales volume variance e Compute the actual sales mix f Compute the budgeted sales mix g Compute the sales mix variance for each product and then the total sales mix variance like the table shown on page 572 I have set up the table for you to fill in h Compute the sales quantity variance by type of machine and total if total actual quantity is greater than total budgeted units the sales quantity will always be F and the opposite will occur when actual is less than budgeted) i Compute the market share variance j Compute the market size variance 4 k Comment on the results of the above variance analysis Make sure your comments identify specific variances and the impact of these variances on income Do not forget to use the IF function to determine if the variance is favorable or unfavorable I used a formula approach like the author did and I expect everyone to use cell references and use the Problem 2 worksheet as your data for cell references I will take off 5 pts if you have not used cell references from the problem 2 worksheet as your reference for the calculations I will take off 3 pts for not using IF statements or 1 2 each When you are adding multiple variances, either use the SUMIF function or a nested IF Also, make sure you are using ABS function, since variances should not be positive and negative I have color coded some areas that should match, since you can use these variances to check your work since they should equal each other Comments in K are worth 1 pt You need to clearly identify multiple sales variance you have calculated and the impact in income a Calculate the Static budget variance $338,850 F Static Budgeted Variance Actual total contribution margin less Static total Contribution margin Look at level 1 in Panel C in exhibit 14 11 b Calculate the contribution margin for the flexible budget Basic Deluxe Total Budgeted contribution margin per unit $58 $86 Do not Total Actual Number of units sold Do not Total Flexible Budget Contribution Margin c Calculate the flexible budget variance d Calculate the sales volume variance Check Figure static budget variance flexible budget variance Sales volume Variance Basic Deluxe e Calculate the Actual sales mix f Calculate the Budgeted sales mix g Compute the sales mix variance for each product and then the total sales mix variance like the table shown on page 572 I have set up the table for you to fill in Actual Units of All products sold (Actual sales mix Budgeted Sales Mix Budgeted Contribution Margin per unit Sales Mix Variance Basic Deluxe g Total Sales mix variance Compute the sales quantity variance by type of product and total Basic Deluxe h Total Sales quantity variance Check Figure Sales volume variance Sales mix variance Sales Quantity Variance Calculate the Actual market share Calculate the Budgeted market share Calculate the budgeted contribution margin per composite unit of budgeted mix Lastly I Market share Variance j Compute the market size variance Check Figure Sales quantity variance Market share variance Market size Variance k Comment on the results of the above variance analysis Make sure your comments identify specific variances and the impact of these variances on income

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I just need to reference numbers for the calculations how to send my question with excel attachment ? Use with Excel The TV Corporation manufactures

I just need to reference numbers for the calculations

how to send my question with excel attachment ?

Use with Excel

The TV Corporation manufactures 2 types of TVs. The Basic TV

and the Deluxe TV. Budgeted and actual annual operating data are as follows:

Static Budget

Basic

Deluxe

Total

Number units Sold

60,000

40,000

100,000

Total Contribution Margin

$3,480,000

$3,444,000

$6,924,000

Budgeted CM per unit

$58.00

$86.10

Actual Results

Number units sold

59,850

45,150

105,000

Total Contribution Margin

$3,650,850

$3,612,000

$7,262,850

But, the actual industry volume was

300,000

Units

Prior to the beginning of the year, a consulting firm estimated the total volume

for volume of the Basic and Deluxe industry category to be

310,000

Units

Required:

Calculate the following information and variances on the worksheet entitled analysis. I have tried to give some helpful hints.

Use the contribution margin approach in the following sales variance analysis that follows.

a. Calculate the Static-budget variance.

I have tried to set up a model to use on the analysis worksheet.

Look at Exhibit 14-11 p.571

b. Calculate the contribution margin for the flexible budget.

c. Calculate the flexible budget variance.

d. Calculate the sales-volume variance.

e. Compute the actual sales-mix

f. Compute the budgeted sales-mix

g . Compute the sales-mix variance for each product and then the total sales-mix variance like the table shown on page 572. I have set up the table for you to fill in.

h. Compute the sales-quantity variance by type of machine and total

if total actual quantity is greater than total budgeted units the sales-quantity will always be F and the opposite will occur when actual is less than budgeted).

i. Compute the market-share variance

j. Compute the market-size variance.

k. Comment on the results of the above variance analysis. Make sure your comments identify specific variances and

the impact of these variances on income.


Do not forget to use the IF function to determine if the variance is favorable or unfavorable.
I used a formula approach like the author did and I expect everyone to use cell references and use the Problem 2 worksheet as your data for cell references.
I will take off 5 pts. if you have not used cell references from the problem 2 worksheet as your reference for the calculations. I will take off 3 pts. for not using IF statements or 1/2 each.
When you are adding multiple variances, either use the SUMIF function or a nested IF.
Also, make sure you are using ABS function, since variances should not be positive and negative.

I have color coded some areas that should match, since you can use these variances to check your work since they should equal each other.
Comments in "K" are worth 1 pt. You need to clearly identify multiple sales variance you have calculated and the impact in income.

a. Calculate the Static-budget variance.	$338,850	F

Static Budgeted Variance =Actual total contribution margin less Static total Contribution margin
Look at level 1 in Panel C in exhibit 14-11.

b. Calculate the contribution margin for the flexible budget.
	Basic	Deluxe	Total
Budgeted contribution margin per unit	$58	$86	Do not Total
Actual Number of units sold			Do not Total
Flexible -Budget Contribution Margin

c. Calculate the flexible budget variance.


d. Calculate the sales-volume variance.

Check Figure: static budget variance=flexible budget
variance+Sales volume Variance


		Basic	Deluxe
e. Calculate the Actual sales mix:
f. Calculate the Budgeted sales mix:
g . Compute the sales-mix variance for each product and then the total sales-mix variance like the table shown on page 572. I have set up the table for you to fill in.
	Actual Units of All products sold	(Actual sales-mix%-Budgeted Sales Mix%	Budgeted Contribution Margin per unit	Sales-Mix Variance
Basic
Deluxe
g. Total Sales mix variance

Compute the sales-quantity variance by type of product and total.
Basic
Deluxe
h. Total Sales quantity variance


Check Figure: Sales-volume variance=Sales mix variance+Sales Quantity Variance

Calculate the Actual market share:
Calculate the Budgeted market share:

Calculate the budgeted contribution margin
per composite unit of budgeted mix
Lastly:
I. Market-share Variance

j. Compute the market-size variance.
Check Figure: Sales-quantity variance=Market-share variance+Market size Variance

k. Comment on the results of the above variance analysis. Make sure your comments identify specific variances and the impact of these variances on income.