Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

r'l UUICIII 1.0.9.; Contribution Margin Variance, Contribution Margin Volume Variance, Sales Mix Variance Haysbert Company provides management services for apartments and rental units. In general.

image text in transcribed
r'l UUICIII 1.0.9.; Contribution Margin Variance, Contribution Margin Volume Variance, Sales Mix Variance Haysbert Company provides management services for apartments and rental units. In general. Haysbert packages its services into two groups: basic and complete. The basic package includes advertising vacant units. showing potential renters through them, and collecting monthly rent and remitting it to the owner. The complete package adds maintenance of units and bookkeeping to the basic package. Packages are priced on a per-rental unit basis. Actual results from last year are as follows: Basic Sales (rental units) 2.000 Selling price $140 Variable expenses $85 Complete 400 $300 $240 Haysbert had budgeted the following amounts: Basic Sales (units) L950 Selling price $145 Variable expenses $90 Required: Complete 460 $290 $242 1. Calculate the contribution margin variance. $ - Select your answer -FavorabIeUnfavorableltem 2 2. Calculate the contribution margin volume variance. Round the budgeted average unit contribution margin to four decimal places. Round your nal answer to the nearest cent. $ - Select your answer -Favorab|eUnfavorableltem 4 3. Calculate the sales mix variance. Round the budgeted average unit contribution margin to four decimal places. Round vnur nal answer to the nearest cent

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_2

Step: 3

blur-text-image_3

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

Operational Risk Management

Authors: Mark D Abkowitz

1st Edition

0470256982, 9780470256985

More Books

Students also viewed these Accounting questions

Question

How does financial accounting have an impact on society?

Answered: 1 week ago

Question

Self-awareness is linked to the businesss results.

Answered: 1 week ago

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago