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Need help figuring the Industry variance. Earle Soup Company makes three Varie ie by estimating the total market volume for soups a changes due to
Need help figuring the Industry variance.
Earle Soup Company makes three Varie ie by estimating the total market volume for soups a changes due to company programs for the Coming year's product mix, again adjusted for planned cfianges The following are the company budget and the results of o Budget (all units and costs in thousands) Sales-units Sales-dollars Variable costs Contribution margin manufacturing fixed cost Product margin Marketing and administrative costs (all fixed) Operating profit Actual (all units and costs in thousands) Sales-units Sales-dollars Variable costs Contribution margin manufacturing fixed cost Product margin marketing and administrative costs (all fixed) Operating profit $ 4 672 CaseS g 1520 3 $ 54b % 388 Industry volume for the quarter was estimated at 1.2 million cases for budg$tlh' Pyrp? 1,140,000 cases- Required: a Determine the sales price and sales activity variances- b. Break down the sales activity Variance into the parts caused by jndystty "lhComplete this question by entering your answers in the tabs below.
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