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Calculate break the sales-volume variance

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Reference no: EM132573778

Teton Tent Company manufactures three models of camping tents: the Outfitter, the Reliable and the Caravan. The following are the company budget and the results of operations for the year.

Budget                Outfitter             Reliable               Caravan

Sales-units           30,000             15,000            5,000

Salesprice               $ 180              $ 220                $ 250

Actual

Salesunits                 30,250              22,000          2,750

Sales-dollars             $ 5,747,500         $ 4,730,000        $ 632,500

Industry volume was budgeted at 1,000,000 tents and Teton Tent estimated having 5% of the market. There were 1,375,000 tents sold in the market during the year and Teton's actual market share was 4%.

Required:

Question 1. Calculate the overall revenue budget variance

Question 2. Break the budget variance into sales-price and sales-volume(quantity) variances

Question 3. Break the sales-volume (quantity) variance into sales-mix and sales-quantity variances

Question 4. Extra Credit: Break the sales-volume (quantity) variance into the combined market-share and combined industry-volume variances

Reference no: EM132573778

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