Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data

image text in transcribed
image text in transcribed
The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2015 were as follows: Victor House-Mate 6,000 24,000 Total 30,000 $1,560,000 3,120,000 4,680,000 Static Budget Number sold Contribution margin Actual Results Number sold Contribution margin Victor House-Mate 5500 39,000 Total 44,500 $1,400,000 $4,130,000 $5,530,000 What is the total sales-quantity variance in terms of the contribution margin? $1,508,000 unfavorable $754,000 favorable $2,262,000 favorable $2,262,000 unfavorable The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2015 were as follows: Static Budget Victor House-Mate Total Number sold 6,000 24,000 30,000 Contribution margin $1,560,000 $3,120,000 $4,680,000 Actual Results Victor House Mate Total Number sold 5500 40,000 45,500 Contribution margin $1,400,000 $4,130,000 $5,530,000 What is the total sales-mix variance in terms of the contribution margin? (Round any intermediary calculations to the nearest tenth percent, X.X%) $308,100 favorable $626,470 unfavorable $1.242,670 favorable $934.570 unfavorable

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

Step: 3

blur-text-image

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

Cryptocurrency 101 The Millennials Guide To Understanding And Investing In Crypto

Authors: Candide Ahouandjinou, Jamal Modica

979-8387066771

More Books

Students also viewed these Accounting questions

Question

state what is meant by the term performance management

Answered: 1 week ago