Homework Answers
Calculate flexible budget variance of the contribution margin
| Flexible budget | Actual | Flexible budget variance | |
| Victor | 1590000/6200*5300 = 1356800 | 1400000 | 43200 Favorable |
| House mate | 3170000/26000*37000 = 4514000 | 4130000 | 384000 Unfavorable |
| Total | 340800 Unfavorable |
So answer is a) $340800 Unfavorable
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The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and...
The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and...
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 2017 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 5,300 35,000 40,300 Contribution margin $1,400,000 $4,130,000 $5,530,000 What is the total sales - quantity variance in terms of the contribution margin? (Round any...
The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and...
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 2017 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 39,000 44,500 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 two decimal places.) A. $312,000 favorable B. $462,800 unfavorable C. $925,600 unfavorable D. $1,237,600 favorable
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The Corata Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following...
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The Corata Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following...
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