User Account

All Pages

Provide the market share variance

Assignment Help Managerial Accounting
Reference no: EM132853613

Question - Your Company is part of a large industry. The industry had sales volume of 206 million units last quarter. When setting the budget, you had anticipated industry volume of 229.2 million and market share of 0.3%. Your actual sales volume was 507461 units.

In addition, the following budget and actual amounts apply to the quarter for your business (all in $million).

 

Budget

Actual

Revenue

2.47

2.66

Variable cost

1.12

1.22

Fixed cost

1.00

1.05

1) Provide the market share variance

2) Provide the industry volume variance

3) If you add together the sales volume variance, sales price variance, and all the cost variances, you get what?

a. Actual profit

b. Difference between actual and budgeted profit

c. Zero

d. Budgeted profit

Reference no: EM132853613

Questions Cloud

What is the total fixed manufacturing overhead : An outside supplier has offered to sell 20,000 units of part A8 each year to Bernard Company for $14.25 per part. What is the total fixed manufacturing overhead
Discuss the concepts of assessing the climate for change : Making the decision to institute change is a critical component of running a business.
What is the carrying value of the bonds on December : The proceeds from the bonds are $16216875. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2021
What is the expected rate of return of the market index : If the expected rate of return of the U.S. government T-bill is 0.03, what is the expected rate of return of the market index
Provide the market share variance : Your Company is part of a large industry. The industry had sales volume of 206 million units last quarter. Provide the market share variance
Prepare closing entries : Prepare closing entries and perform post-closing trial balance (Post-closing trial balance) Balance test without adjustments (adjusted trial balance)
Understanding on different learning approaches : Describe your personal understanding on different learning approaches.
Five-phase model or the punctuated equilibrium model : Analyze the development of a project team in terms of the five-phase model or the punctuated equilibrium model.
What is the optimal time for carla vista to sell the mine : If Carla Vista's opportunity cost of capital is 10 percent, what is the optimal time for Carla Vista to sell the mine

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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