Solved

Geelong Electronics Manufactures TVs and DVD Players Required:
Compute the Following Variances in Terms of the Contribution

Question 195

Essay

Geelong Electronics manufactures TVs and DVD players.During February,the following activities occurred:
 TVs  DVDs  Budgeted units sold 1764066360 Budgeted contribution margin per unit $90$156 Actual units sold 2000080000 Actual contribution margin per unit $100$158\begin{array} { l r r } & \text { TVs } & \text { DVDs } \\\text { Budgeted units sold } & 17640 & 66360 \\\text { Budgeted contribution margin per unit } & \$ 90 & \$ 156 \\\text { Actual units sold } & 20000 & 80000 \\\text { Actual contribution margin per unit } & \$ 100 & \$ 158\end{array}
Required:
Compute the following variances in terms of the contribution margin.
a.Determine the total sales-mix variance.
b.Determine the total sales-quantity variance.
c.Determine the total sales-volume variance.
_____________________________________________________________________________________________
_____________________________________________________________________________________________

Correct Answer:

verifed

Verified

a.
c.Total sales-volume vari...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents