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The Gretzky Company produces and sells two product lines with the following budgeted revenues and expenses for 2020: Product Line Expected Gretzky Company sales (units)
The Gretzky Company produces and sells two product lines with the following budgeted revenues and expenses for 2020: Product Line Expected Gretzky Company sales (units) Budgeted selling price per unit Budgeted CM/Unit Budget Market Share % $ $ 7,680 160.00 $ 99.00 $ 10% w 34,000 199.00 125.00 25% Actual total industry sales Actual Gretzky Company Sales Actual Sales Actual Contribution Margin 99,000 145,000 12,000 31,900 $ 1,800,000 $6,539,500 $ 1,212,000 $ 4,306,500 Required: Using the data above, complete a handwritten analysis of all 5 sales variance discussed in class. Answer the following questions below and upload a pdf/photo(s) of your work to the separate dropbox. Note: ignore minor $ rounding of +/- $5 Choose... Choose... The Market Size Variance (MSzV) based on TOTAL Company sales is: The Market Share Variance (MSHV) based on TOTAL Company sales is: What is the Total Sales Mix Variance (SMV)? What is the Sales Quantity Variance (SQV) for Product G? What is the Sales Volume Variance (SW) for Product W? Choose... Choose... 2 Choose... What do you get when you add Market Size Variance (MSzV) and Market Share Variance (MShV)? Choose... The Gretzky Company produces and sells two product lines with the following budgeted revenues and expenses for 2020: Product Line Expected Gretzky Company sales (units) Budgeted selling price per unit Budgeted CM/Unit Budget Market Share % $ $ 7,680 160.00 $ 99.00 $ 10% w 34,000 199.00 125.00 25% Actual total industry sales Actual Gretzky Company Sales Actual Sales Actual Contribution Margin 99,000 145,000 12,000 31,900 $ 1,800,000 $6,539,500 $ 1,212,000 $ 4,306,500 Required: Using the data above, complete a handwritten analysis of all 5 sales variance discussed in class. Answer the following questions below and upload a pdf/photo(s) of your work to the separate dropbox. Note: ignore minor $ rounding of +/- $5 Choose... Choose... The Market Size Variance (MSzV) based on TOTAL Company sales is: The Market Share Variance (MSHV) based on TOTAL Company sales is: What is the Total Sales Mix Variance (SMV)? What is the Sales Quantity Variance (SQV) for Product G? What is the Sales Volume Variance (SW) for Product W? Choose... Choose... 2 Choose... What do you get when you add Market Size Variance (MSzV) and Market Share Variance (MShV)? Choose
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