please provide answers in the format Olive Tree Products sold 87.000...
50.1K
Verified Solution
Link Copied!
Question
Accounting
please provide answers in the format
Olive Tree Products sold 87.000 units during the last period when industry volume totaled 335,000 units. The company originally expected to sell 90,000 based on a budgeted market share of 20 percent. The budgeted selling price was $60 per unit. Budgeted variable costs were $35 per unit Budgeted fixed costs were $315,000 and applied based on units produced Required: Compute the sales activity variance, and break down into market share variance and the industry volume variance (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.) Sales activity variance Market share variance Industry volume variance
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!
