Question
Thanks for any help. Please keep it simple. When people add too many tables and too much info it makes it so unclear to me.
Thanks for any help. Please keep it simple. When people add too many tables and too much info it makes it so unclear to me. If the answer is there I might not recognize it.
The following data for Romero Products Inc. are available:
For the Year Ended December 31 | Actual | Planned | Increase or (Decrease) |
Sales | $9,200,000 | $9,030,000 | $170,000 |
Less: | |||
Variable cost of goods sold | $3,680,000 | $3,440,000 | $240,000 |
Variable selling and administrative expenses | 680,000 | 817,000 | (137,000) |
Total variable costs | $4,360,000 | $4,257,000 | $103,000 |
Contribution margin | $4,840,000 | $4,773,000 | $67,000 |
Number of units sold | 40,000 | 43,000 | |
Per unit: | |||
Sales price | $230 | $210 | |
Variable cost of goods sold | 92.00 | 80 | |
Variable selling and administrative expenses | 17.00 | 19 |
Prepare an analysis of the sales quantity and unit price factors. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Romero Products Inc. |
Contribution Margin AnalysisSales |
1 | Effects od changes in sales |
|
|
2 | sales quantity factor |
| |
3 | unit price factor | $800,000 |
|
4 | total effect in changes of sales |
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