Solution-Calculate the sales-price variance for latex-based

Calculate the sales-price variance for latex-based paint

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Reference no: EM133112167

Question - The Durham Corporation produces oil-based paint, water-based paint, and latex-based paint. The following is the budget and actual data for the most recent year:

	Budget	Actual
Sales of oil-based paint in cans	100,000	95,000
Sales of water-based paint in cans	80,000	82,000
Sales of latex-based paint in cans	95,000	90,000
Selling price per can of oil-based paint	$30	$32
Selling price per can of water-based paint	$25	$22
Selling price per can of latex-based paint	$32	$28
Variable expense per can of oil-based paint	$21	$23
Variable expense per can of water-based paint	$15	$14
Variable expense per can of latex-based paint	$22	$24
Market volume of oil-based paint in cans	420,000	480,000
Market volume of water-based paint in cans	350,000	420,000
Market volume of latex-based paint in cans	480,000	460,000

Required -

1. Calculate the sales-price variance for latex-based paint.

2. Calculate the sales-volume variance for latex-based paint.

3. Calculate the sales-quantity variance for oil-based paint.

4. Calculate the sales-mix variance for water-based paint.

5. Calculate the market-volume variance for oil-based paint.

6. Calculate the market-share variance for water-based paint.

Reference no: EM133112167

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Calculate the sales-price variance for latex-based paint

Reference no: EM133112167

Reference no: EM133112167

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