Homework Answers
Total budgeted units to be sold = 8,400 + 2,100 = 10,500
Sales mix of Basic = 8,400 / 10,500 = 80%
Total actual units sold = 7,400 + 2,900 = 10,300
Budgeted Basic units to be sold for actual sales = 10,300 X 80% = 8,240
Actual Basic units sold = 7,400
If actual units sold is less than budgeted units to be sold then the variance is unfavourable.
Unfavourable
2nd option.
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A machine distributor sells two models, basic and deluxe. The following information relates to its master...
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Gogan Company manufactures and sells two products: Basic and
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products are shown below:
Product
Basic
Deluxe
Total
Sales
$
600,000
$
400,000
$
1,000,000
Contribution margin ratio
60
%
35
%
?
Contribution margin per unit
$
9.00
$
11.50
?
The company’s fixed expenses total $400,000 per month.
Required: 1. Prepare a contribution format income statement for the company as a whole. 1.000.000 Basic Deluxe Total...
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10.7
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otherwise noted):
(Click the icon to view the budget information.)
During the year, Chocolate Muffins actually sold 7,900 cases,
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Chocolate Muffins sells its muffins to...
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Gogan Company manufactures and sells two products: Basic and
Deluxe. Monthly sales, CM ratios, and the CM per unit for the two
products are shown below:
Product
Basic
Deluxe
Total
Sales
$
600,000
$
400,000
$
1,000,000
Contribution margin ratio
60
%
35
%
?
Contribution margin per unit
$
9.00
$
11.50
?
The company’s fixed expenses total $400,000 per month.
Required: 1. Prepare a contribution format income statement for the company as a whole. 1.000.000 Basic Deluxe Total...
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10.7
Hampton Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the budget for Hampton Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Hampton Muffins actually sold 8,600 cases, resulting in total sales revenue of $282,600. Actual expenses in total) from this year are as follows: (Click the icon to view...
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houses for an average selling price of $26 per case. The following
information relates to the budget for Chocolate
Muffins for this year (all figures are annual totals unless
otherwise noted):
(Click the icon to view the budget information.)
During the year, Chocolate Muffins actually sold 7,900 cases,
resulting in total sales revenue of $213,400.
Actual expenses (in total) from this year are as follows:
Chocolate Muffins sells its muffins to...
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