Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help. will give thumbs up Question 26 (3 points) The company produces two different models having different profit margin. Based on the information below,

please help. will give thumbs up image text in transcribed
image text in transcribed
Question 26 (3 points) The company produces two different models having different profit margin. Based on the information below, compute total sales mix variance (in terms of CM) of the company. Budget Model Selling Price VC per Actual Unit Units Sold Selling Price VC per Model Unit Units Sold $120 $60 1,500 $100 $50 Model B $140 1,170 $100 1,500 $150 $110 1,430 Actual Units Sold for all Budgeted Actual Sales-Mix ( Percentage Sales-Mix ) X Margin per Budgeted Contribution models Percentage Sales- Mix Variance Unit For your convenience, the UCM and sales mix for each product are computed in the following table: Budget Actual UCM Sales mix UCM Sales mix $60 50% $50 45% $40 50% $40 55% a) $2,600 F For your convenience, the UCM and sales mix for each product are computed in the following table: Budget Actual UCM Sales mix UCM Sales mix $60 50% $50 45% $40 50% $40 55% a) $2,600 F b) $2,600 U O c) $3,700 U d) $3,700 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

International Financial Reporting Standards A Practical Guide

Authors: Hennie Van Greuning, Darrel Scott, Simonet Terblanche

6th Edition

0821384287, 978-0821384282

More Books

Students also viewed these Accounting questions