Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. phicarler company manufactures and sells one produ

Phicarler Company manufactures and sells one product. Its budget and actual operating results for 2020...

80.2K

Verified Solution

Question

Accounting

Phicarler Company manufactures and sells one product. Its budget and actual operating results for 2020 as follows:

BUDGETED

ACTUAL

Units sold

100,000

120,000

Unit contribution margin

$8.00

$10.00

Unit selling price

$21.00

$22.00

Industry volume was estimated to be 1,000,000 units when the budget was prepared. Actual industry volume for the period was 1,500,000 units.

Required:

  1. Analyze respectively the effects of market size, market share and unit contribution margin on the variance of the total contribution margin. (7%)
  2. Prepare a brief managerial feedback report including 4 points (8%):
    1. Variance of total contribution margin
    2. Reasons for the variance
    3. Responsibilities for these variances
    4. Initiatives for improving

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

2. The average score on an exam is 78. A test is given to 40 students...

Statistics
Q

Phosphorus pentachloride decomposes according to the chemical equation PCl5(g) - PCl3(g) + Cl2(g) A 0.213 mol...

Chemistry
Q

Please read carefully the following case study and provide a suitable answer to its questions. A male...

Medical Sciences
Q

Express the following fraction in simplest form using only positive exponents.3v8/2(v)

Basic Math
Q

Three points, A, B, and C exists in space such that B is "between" A...

Basic Math
Q

At the end of the fiscal year, merchandise costing $100,000 was not counted during the...

Accounting
Q

The failures of corporate governance systems and earnings management can be attributed to all of...

Accounting
Q

Please Enter All Answers As Formulas Only! Excel McGraw Hill Excel Question -...

Accounting
Q

A decreasing long-term liability account is presented on the statement of cash flows as: a)...

Accounting
Q

This scatter plot represents the MONOPOLY data set. 1. Write an equation to model the...

Accounting
Q

Question 2 of 7 0.51i-=,vdots (c) Your answer is incorrect....

Accounting
Q

For situation 1. prepare the journal entries through December 31, 2024 . Assume that no...

Accounting