Santa Toy Shop produces toys. During November, the following information was gathered: Dart Board Lego Sets Dolls Breyer Horses Golf Sets Stuffed...

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Question

Accounting

Santa Toy Shop produces toys. During November, the followinginformation was gathered:
Dart Board
Lego Sets
Dolls
Breyer Horses
Golf Sets
Stuffed Toys
Budgeted units sold
175
500
400
125
600
300
Actual units sold
200
400
250
140
500
350
Budgeted selling price
$5
$30
$11
$40
$80
$18
Actual selling price
$8
$25
$12
$45
$75
$28
Budgeted variable cost
$2
$18
$5
$20
$35
$10
Actual variable cost
$3
$15
$4
$25
$30
$11
Actual market size was 20,000, whereas budgeted market share was16%.
REQUIRED:
Compute the total, sales price, variable cost, flexible-budget,sales-volume, sales-mix, sales-quantity, market-share, andmarket-size variances. Be sure to indicate whether each isfavorable or unfavorable!
Calculate numbers to three to four decimal points!

Answer & Explanation Solved by verified expert

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TOTAL SALES PRICE VARIANCE Dart board Lego sets Dolls Breyer Horses Golf sets Stuffed toys Total A Actual Selling Price 8 25 12 45 75 28 B Budgeted Selling price 5 30 11 40 80 18 C Actual units sold 200 400 250 140 500 350 Sales price variance 600 2000 250 700 2500 3500 550 A BC Favorable Unfavorable Favorable Favorable Unfavorable Favorable Favorable TOTAL VARIABLE COST VARIANCE Dart board Lego sets Dolls Breyer Horses Golf sets Stuffed toys Total A Budgeted Units sold 175 500 400 125 600 See Answer

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Santa Toy Shop produces toys. During November, the following information was gathered: Dart Board Lego Sets Dolls Breyer Horses Golf Sets Stuffed...

90.2K

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Question

Accounting

Answer & Explanation Solved by verified expert

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	Dart Board	Lego Sets	Dolls	Breyer Horses	Golf Sets	Stuffed Toys
Budgeted units sold	175	500	400	125	600	300
Actual units sold	200	400	250	140	500	350
Budgeted selling price	$5	$30	$11	$40	$80	$18
Actual selling price	$8	$25	$12	$45	$75	$28
Budgeted variable cost	$2	$18	$5	$20	$35	$10
Actual variable cost	$3	$15	$4	$25	$30	$11