Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 43 Not yet graded/6 pts The Octova Corporation manufactures two types of vacuum cleaners: the ZENITH for commercial building use and the House-Helper for

image text in transcribed
Question 43 Not yet graded/6 pts The Octova Corporation manufactures two types of vacuum cleaners: the ZENITH for commercial building use and the House-Helper for residences, Budgeted and actual operating data for the year 20X5 are as follows: Static Budget ZENITH House Helper Total Number sold 23,000 80,000 103,000 Contribution margin $4,600,000 $24,000,000 $28,600,000 Actual Results ZENITH House-Helper Total Number sold 30,000 60,000 90,000 Contribution margin $4,500,000 $30,000,000 $34,500,000 a. Calculate the contribution margin for the flexible budget. ZENITH:? House-Helper:? Flex-Budget Contribution Margin = ? b. Determine the total static-budget variance, the total flexible-budget variance, and the total sales volume variance in terms of the contribution margin. Static Budget Variance = ? Flex-Budget Variance = ? Sales-Volume Variance

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

Bank Management Text And Cases

Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson

3rd Edition

0471621781, 978-0471621782

More Books

Students also viewed these Accounting questions

Question

At which conferences do students regularly present?

Answered: 1 week ago