Question
Santa Toy Shop produces toys. During November, the following information was gathered: Dart Board Lego Sets Dolls Breyer Horses Golf Sets Stuffed Toys Budgeted units
Santa Toy Shop produces toys. During November, the following information was gathered:
| Dart Board | Lego Sets | Dolls | Breyer Horses | Golf Sets | Stuffed Toys | |
| Budgeted units sold | 175 | 500 | 400 | 125 | 600 | 300 |
| Actual units sold | 200 | 400 | 250 | 140 | 500 | 350 |
| Budgeted selling price | $5 | $30 | $11 | $40 | $80 | $18 |
| Actual selling price | $8 | $25 | $12 | $45 | $75 | $28 |
| Budgeted variable cost | $2 | $18 | $5 | $20 | $35 | $10 |
| Actual variable cost | $3 | $15 | $4 | $25 | $30 | $11 |
Actual market size was 20,000, whereas budgeted market share was 16%.
Question:
Compute the total, sales price, variable cost, flexible-budget, sales-volume, sales-mix, sales-quantity, market-share, and market-size variances. Be sure to indicate whether each is favorable or unfavorable!
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