Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 17-26 (static) industry volume and market

Exercise 17-26 (Static) Industry Volume and Market Share Variances (LO 17.3) Appoline Juices budgeted sales...

60.1K

Verified Solution

Question

Accounting

image
Exercise 17-26 (Static) Industry Volume and Market Share Variances (LO 17.3) Appoline Juices budgeted sales of 87,000 units of Grape, assuming that the company would have 30 percent of 290,000 units sold in a particular market. The actual results were 78,000 units sold by Appoline, which represented a 26 percent share of the total market. The budgeted contribution margin is $11 per unit. Required: Compute the sales activity variance, and break it down into market share variance and the industry volume variance. Note: Indicate the effect of each variance by selecting " F " for favorable, or " U " for unfavorable. If there is no effect, do not select either option

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) Every night there is a 20% chance that Mrs. Lemonde will let Mr.Lemonde’s dog George...

Statistics
Q

A tumor cell with a mutation in Rb can divide in the absence of extracellular signals. A....

Biology
Q

Discuss the differences in a regression model between making the random error being multiplicative and making...

Basic Math
Q

39 A small ball having charge q is suspended from a weightless inextensible string It...

Physics
Q

Support Department Cost Allocation-Direct Method Christmas Timber, Inc., produces Christmas trees....

Accounting
Q

Superior Company provided the following data for the year ended December 31(all raw materials are...

Accounting
Q

Brief Exercise A-5 Andrew and Emma Garfield invested $5,000 in a savings account paying 4%...

Accounting
Q

Question 16 4 pts Oler Company is considering selling their accounts receivable with a carrying...

Accounting
Q

The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $.50 per...

Accounting
Q

On October 1, 2012, Cardon's paid $1,200 to the local newspaper for an advertisement to...

Accounting
Q

A principal concern of wealthy families is preserving family wealth across generations. Most governments try...

Finance
Q

The Mobile Phone Division of Apple Co. has average operating assets of 1,500,000 SR and...

Accounting