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Saul's Appliances manufactures industrial dryers and washers. During July the following data are available: Required 1. Sales-mix and sales-quantity variances 2. Market-share and market-size variances
Saul's Appliances manufactures industrial dryers and washers. During July the following data are available:
Required
1. Sales-mix and sales-quantity variances
2. Market-share and market-size variances (for calculation purposes round combined actual and budgeted market share percentages to six decimal places).
Dryers | Washers | |||
Actual units sold | 10000 | 40000 | ||
Budgeted sales | 8820 | 33180 | ||
Actual selling price | 700 | 900 | ||
Budgeted selling price | 710 | 930 | ||
Budgeted market share | 25% | 24% | ||
Actual market share | 20% | 25% | ||
Budget cont. margin/unit | 275 | 375 |
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