Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show work. thumbs up will be given :) thanks begin{tabular}{cccccccc} & multicolumn{3}{c}{ ACTUAL } & & multicolumn{3}{c}{ BUDGET } cline { 2 -
please show work. thumbs up will be given :) thanks
\begin{tabular}{cccccccc} & \multicolumn{3}{c}{ ACTUAL } & & \multicolumn{3}{c}{ BUDGET } \\ \cline { 2 - 4 } \cline { 6 - 8 } & 1/8 & 1/4 & 1/2 & & 1/8 & 1/4 & 1/2 \\ Sales\# units & 84 & 126 & 210 & & 200 & 100 & 200 \\ Price / unit & $25 & $32 & $45 & & $20 & $30 & $40 \\ Var. Cost / unit & $16 & $18 & $22 & & $15 & $17 & $20 \end{tabular} 21. ( 6 points) Continuing with Bolt data in the previous problem, assume Bolt budgeted a 10.0% share sales of total bolt products in the local market. Reliable industry data indicates that the actual total number of bolt products sold in the market during same period was 5,250. a. The firm's market share variance based on contribution margin for the period is: 1) $6,615Fav 2) $1,323 Unfav 3) \$1,523 Unfav 4) $966Fav b. The firm's market size variance based on contribution margin for the period is: 1) $144Fav 2) $1,523 Unfav 3) $1,008 Unfav 4) $315FavStep 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