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I want this question in 15 minutes Question : Jay Banning, CEO and a major stockholder of Banning Inc., was unhappy with its operating results
I want this question in 15 minutes
Question : Jay Banning, CEO and a major stockholder of Banning Inc., was unhappy with its operating results for the past year. The company manufactures two environmentally friendly industrial caliber cleaning machines used primarily in automobile repair shops, gas stations, and auto dealerships. Data are follow: Actual T10 S40 Sales Variable cost Contribution Fixed cost Operating income Units sold Unit selling price $126,000 61.200 $64.800 10,000 $ 54,800 1.200 $58,500 34,500 $24,000 10.000 $14,000 1,500 Budget T10 S40 $100,000 $40,000 50,000 25,000 $ 50,000 $15.000 10,000 10,000 $ 40,000 $ 5,000 $100 $40 Expected the total industry sales to be 1,500,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the industry were 1,600,000 barrels. Required: 1. Compute the total sales-mix variance. 2. Compute the total sales-quantity variance. 3. Compute the market -share variance. 4. Compute the market -size varianceStep by Step Solution
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