Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 18, 2024

Marin sells two types of fabric that are used interchangeably in the production of lawn chairs. The following information about each fabric is available: Standard

Marin sells two types of fabric that are used interchangeably in the production of lawn chairs. The following information about each fabric is available:

Standard Contribution Margin Standard Volume Actual Contribution Margin Actual Volume

Fabric A $1.76/metre 45,800 metres $1.81/metre 41,100 metres

Fabric B $5.00/metre 9,160 metres $4.76/metre 11,040 metres

A) Calculate the contribution margin sales mix variance.(Enter all amounts as positive.)

Margin Sales Mix Variance

Fabric A $Answer Unfavourable

Fabric B $Answer Favorable

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

Recommended Textbook for

Accounting concepts and applications

Authors: Albrecht Stice, Stice Swain

11th Edition

978-0538750196, 538745487, 538750197, 978-0538745482

More Books

Students also viewed these Accounting questions

Question

★★★★★

Jersey Knits sells two types of fabric that are used interchangeably in the production of lawn chairs. The following information about each fabric is available: Required: A. Calculate the...

Answered: 1 week ago

Question

★★★★★

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Answered: 1 week ago

Question

★★★★★

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Answered: 1 week ago

Question

★★★★★

Prepare budgetary and proprietary journal entries to record the following year- end adjustments: 1. An accrual of $ 60,000 was made for salaries earned the last week of September, to be paid in...

Answered: 1 week ago

Question

★★★★★

a. Draw a logical child diagram for process 6 in Figure. b. Draw a physical child diagram for process 6 inFigure. Pending Produce Order Picking List tom Iterm Back-Ordered Item Order pending Rriesare...

Answered: 1 week ago

Question

★★★★★

Mutual exclusion can be achieved using the following simple method in a distributed system (called the centralized" mutual exclusion algorithm): To access the shared resource, a site sends the...

Answered: 1 week ago

Question

★★★★★

4. Be playful with younger children: Use a dramatic voice, sensational hat, or clapping game (S. A. Miller, 2005).

Answered: 1 week ago

Question

★★★★★

The Plant Department of the local telephone company purchased four special pole hole diggers 8 years ago for $14,000 each. They have been in constant use to the present. Owing to an increased...

Answered: 1 week ago

Question

★★★★★

All of the raw materials purchased during the period were used in production. (a) Calculate the following: (i) Standard quantity of direct material per unit of output. (ii) Standard quantity of...

Answered: 1 week ago

Question

★★★★★

8-12 Allocating constrained resources (LO 4) Balloon, Inc. produces three type of balloons-small, medium, and large-with the following characteristics: - 3 $ 2 Small Medium Large Selling price per...

Answered: 1 week ago

Question

★★★★★

Thomas Anderson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 150-litre batch: 72.00 litres of grape...

Answered: 1 week ago

Question

★★★★★

A contract in writing was entered into between buyer A and seller B for the sale of 200,000 tons of quartz sand to be delivered in four loads of 50,000 tons per week as required, with each delivery...

Answered: 1 week ago

Question

★★★★★

Part A In the following paragraph, you will read about the study of emerging explorer Prof. Harrison. Conjugate the verbs in parentheses to agree with the subjects. My friends and I ______________...

Answered: 1 week ago

Question

★★★★★

ABC factory produces 24,000 units. The cost sheet gives the following information: Direct Materials Rs. 1,20,000 Direct Labour Rs. 84,000 Variable overheads Rs. 48,000 Semi variable overheads Rs....

Answered: 1 week ago

Question

★★★★★

Jayson Walker is a member of a consumer - driven health plan ( CDHP ) that is funded by a health savings account ( HSA ) established by his employer, Brock Industries. Brock's CDHP also uses a high -...

Answered: 1 week ago

Question

★★★★★

11.2.1 3.14.1.5.16.17.18.1.9.10 | 11 | 12 | 13 | 14 15 | 16 17 18 19 Styles Editing 5. If throughout an accounting period the fees for legal services paid in advance by clients are recorded in an...

Answered: 1 week ago

Question

★★★★★

The pendulum consists of two rods: AB is pin supported at A and swings only in the y-z plane, whereas a bearing at B allows the attached rod BD to spin about rod AB. At a given instant, the rods have...

Answered: 1 week ago

Question

★★★★★

1.15 Apply the FAIR Test (LO1.4) Choose a recent communication event (conversation, email exchange, and so on) that you were involved in, observed, or heard about. If possible, choose a communication...

Answered: 1 week ago

Question

★★★★★

Consider again the model truck example discussed in Section 75, except that the maximum speed of the wind tunnel is only 50 m/s. Aerodynamic force data are taken for wind tunnel speeds between V = 20...

Answered: 1 week ago

Question

★★★★★

Express Pascals lond laaw, and give a real-world example of it.

Answered: 1 week ago

Previous Question Next Question