Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Richard's Electronics manufactures TVs and Monitors. During April, the following activities occurred: TVs Monitors Budgeted units sold 17,640 66,360 Budgeted contribution margin per unit $45
Richard's Electronics manufactures TVs and Monitors. During April, the following activities occurred:
TVs Monitors
Budgeted units sold 17,640 66,360
Budgeted contribution margin per unit $45 $78
Actual units sold 20,000 80,000
Actual contribution margin per unit $50 $79
Required:
Compute the following variances in terms of the contribution margin.
a)Determine the total sales-mix variance.
b)Determine the total sales-quantity variance.
c) Determine the total sales-volume variance.
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