User Account

All Pages

Calculate the market-volume variance for consumer and lite

Assignment Help Cost Accounting
Reference no: EM132611186

Extreme Tablet Inc. (ETI) produces tablet computers. ETI markets three different handheld models. Pro is a souped-up version for the executive on the go; Consumer is a consumer-oriented version; and Lite is a stripped-down version for the young adult market. You are ETI's senior vice president of marketing. The CEO has discovered that the total contribution margin came in lower than budgeted, and it is your responsibility to explain to him why actual results are different from the budget.

Budgeted and actual operating data for the company's third quarter of 2018 are as follows:

Budgeted Operating Data, Third Quarter 2018

                                       Selling price           Variable cost per unit            sales volume in units              Market value

Pro                          $379                              $182                                      12,500                               20,000

Consumer                 269                                     98                                     37,500                             40,000

Life                           149                                65                                          50,000                            65,000

Actual data:

Actual operating data, Third quarter 2018

                                      Selling price               variable cost per unit              sales volume in units                 Market value

Pro                               349                                178                                 11,000                                    17,500

Consumer                        285                               92                                          44,000                             50,000

Life                                    102                             73                                         55,000                           57,500

Required

Question 1: Calculate the sales-volume variance for Consumer and Lite

Question 2: Calculate the sales-quantity variance for Pro and Lite

Question 3: Calculate the sales-mix variance for Pro and Consumer

Question 4: Calculate the market-volume variance for Consumer and Lite

Question 5: Calculate the market-share variance for Consumer and Lite

Reference no: EM132611186

Questions Cloud

Organization leadership and assess communication : You will evaluate a specific communication that you have received in your professional life from an organization's leadership and assess the communication
What is the total amount of indirect manufacturing costs : If 6,000 units are produced, what is the total amount of indirect manufacturing costs incurred?Variable manufacturing overhead $1.55
How much more in fixed assets would the firm need : If the firm can increase operating capacity to 85%, how much more in fixed assets would the firm need to achieve $650 in sales?
Explain role of functional conflict in institutional change : Develop a 3-4 page report on how conflict can affect an organization. Describe reasons for conflict and explain the role of both functional and dysfunctional.
Calculate the market-volume variance for consumer and lite : Calculate the sales-volume variance for Consumer and Lite.Calculate the sales-quantity variance for Pro and Lite. Calculate the sales-mix variance for Pro
Conduct an interview with someone in an informatics role : Conduct an interview with someone in an informatics role in a clinical setting. Then, in a Microsoft Word document of 5-6 pages formatted in APA style.
What are the most common forms of unethical behavior : What are some of the most common forms of unethical behavior in our workforce today? How could leadership in organizations help to minimize this ethical.
Which is not a benefit of activity-based costing : Which is not a benefit of activity-based costing? Which is not a limitation of activity-based costing? Which is the Activity-based costing
Rule against parking pickup trucks and motorcycles : If you own a house in a neighborhood with a homeowners' association that has a rule against parking pickup trucks and motorcycles on driveways at any time

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd