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The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual Planned DifferenceIncrease or (Decrease) Sales $2,766,100 $2,528,300 $237,800 Variable
The following data for Romero Products Inc. are available:
For the Year Ended December 31 Actual Planned DifferenceIncrease or (Decrease) Sales $2,766,100 $2,528,300 $237,800 Variable costs: Variable cost of goods sold $1,472,600 $1,331,700 $140,900 Variable selling and administrative expenses 278,600 289,500 -10,900 Total variable costs $1,751,200 $1,621,200 $130,000 Contribution margin $1,014,900 $907,100 $107,800 Number of units sold 19,900 19,300 Per unit: Sales price $139 $131 Variable cost of goods sold 74 69 Variable selling and administrative expenses 14 15
Prepare an analysis of the sales quantity and unit price factors.
Romero Products Inc. Contribution Margin AnalysisSales For the Year Ended December 31 Effect of changes in sales: Sales quantity factor $fill in the blank 1 Unit price factor fill in the blank 2 Total effect of changes in sales $fill in the blank 3
The following data for Romero Products Inc. are available:
For the Year Ended December 31 | Actual | Planned | DifferenceIncrease or (Decrease) | |||
Sales | $2,766,100 | $2,528,300 | $237,800 | |||
Variable costs: | ||||||
Variable cost of goods sold | $1,472,600 | $1,331,700 | $140,900 | |||
Variable selling and administrative expenses | 278,600 | 289,500 | -10,900 | |||
Total variable costs | $1,751,200 | $1,621,200 | $130,000 | |||
Contribution margin | $1,014,900 | $907,100 | $107,800 | |||
Number of units sold | 19,900 | 19,300 | ||||
Per unit: | ||||||
Sales price | $139 | $131 | ||||
Variable cost of goods sold | 74 | 69 | ||||
Variable selling and administrative expenses | 14 | 15 |
Prepare an analysis of the sales quantity and unit price factors.
Romero Products Inc. | ||
Contribution Margin AnalysisSales | ||
For the Year Ended December 31 | ||
Effect of changes in sales: | ||
Sales quantity factor | $fill in the blank 1 | |
Unit price factor | fill in the blank 2 | |
Total effect of changes in sales | $fill in the blank 3 |
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