What is AB contribution margin sales volume variance

Assignment Help Managerial Accounting
Reference no: EM133061469

Question - Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are imported, labeled AB and CD. The following data are provided for the current fiscal year:

 

Budgeted

Actual Results

 

AB

CD

AB

CD

Price per bushel

$20

$10

$25

$12

Variable cost per bushel

$15

$5

$15

$8

Sales (in bushels)

1,500

2,500

1,200

3,600

The total market was estimated to 40,000 bushels at the time of budget. The actual total market for the year is 32,000 bushels.

Required - What is AB's contribution margin sales volume variance?

Reference no: EM133061469

Questions Cloud

Components of Performance Management Process : Identify the components of Performance Management Process in the chosen company and Provide the complete description of how the Performance Management Process
Weighted average cost of capital : Two financial analysts estimating a company's weighted average cost of capital resulted in differing results varying by two percent. One analyst used the capita
Analyze ticker symbol : Analyze ticker symbol (PLAY) and decide whether it is a buy, hold, or sell using technical analysis. Attach your charts. Please show work
Identify threats to reliability and validity : Identify threats to reliability and validity. Contrast adequate and inadequate sampling techniques.
What is AB contribution margin sales volume variance : The total market was estimated to 40,000 bushels at the time of budget. What is AB contribution margin sales volume variance
Explain financial information : Explain financial information specific to your chosen industry sector.
Find the debt represented by mortgage bonds : Suppose a new company decides to raise a total of $200 million, with $100 million as common equity and $100 million as long-term debt. The debt can be mortgage
Hurdle rate for the manufacturing division : Cranberry Corp. has two divisions of equal size: a computer manufacturing division and a data processing division. Its CFO believes that stand-alone data proces
Indifference ebit between common shares and bonds : A firm that wants to raise $15 million has 800,000 common shares outstanding with a current market value of $25 and has $10,000,000 bonds with a 5% annual coupo

Reviews

Write a Review

Managerial Accounting Questions & Answers

  About the permanent account

An adjusting entry will not take the format of which one of the following entries? Which of the following is a permanent account?

  How do solve the variable overhead spending variance

How do Calculate the variable overhead spending variance: AH (AR - SR) and variable overhead efficiency variance: SR (AH - SH) for the year.

  Develop a Statement of Cash Flows for Best Products

Cash receipt from the sale of equipment (Cost-$84,000; Accumulated Depreciation-$8,000) is $74,000. Develop a Statement of Cash Flows for Best Products

  What is its markup on cost percentage

It has determined that cost of a transit ride is $1.00, with expenses of 50% of cost. It requires $0.75 profit per ride. What is its markup on cost percentage

  What is the purpose of an entity

What is the purpose of an entity and what are the rights of the stakeholders of an entity?

  What is the percentage increase in income for next year

The budgeted revenue for the next year is higher by 12.00% compared to last year. What is the percentage increase in income for next year

  Calculate the new machine net present value

The machine, which has a ten-year life, sells for $139,000 and would cost $15,000 per year to operate. Calculate the new machine net present value

  How much should Marie monthly payments be

Marie will spend 25-years working toward this goal investing monthly at an annual rate of 7.2%. How much should Marie's monthly payments be

  Compute the break-even point in units

Each shirt is priced at $13.50 and has a unit variable cost of $9.85. Total fixed cost is $197,600. Compute the break-even point in units

  How many shares of common stock

How many shares of common stock are issued and how many shares of common stock are outstanding?

  What is the ending cash balance for next month

The carrying cost is $0.15 per box, and the fixed order cost is $10 per order. Your firm sells 35,000 boxes per year. What is the economic order quantity?

  What is the inventoriable cost per unit of product

What is the inventoriable cost per unit of product # 101? Ray Smith Company for the month of January:Number of units manufactured95,000

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!

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