Solved

The Stangle Company Had the Following Expectations Required:
(Be Sure to Indicate Whether the Variance Is Favorable

Question 113

Essay

The Stangle Company had the following expectations:  Total market for the product 360,000 units  Stangle’s budgeted sales 108,500 Contribution margin per unit $12.00 Actual results for the year were:  Total market for the product 332,500 units  Stangle’s actual sales 113,050\begin{array} { | l | r | l | } \hline \text { Total market for the product } & 360,000 & \text { units } \\\hline \text { Stangle's budgeted sales } & 108,500 & \\\hline \text { Contribution margin per unit } & \$ 12.00 & \\\hline \text { Actual results for the year were: } & & \\\hline \text { Total market for the product } & 332,500 & \text { units } \\\hline \text { Stangle's actual sales } & 113,050 & \\\hline\end{array}
Required:
(Be sure to indicate whether the variance is favorable or unfavorable. )
a.Compute Stangle's sales activity variance.b.Compute Stangle's market share variance.c.Computer Stangle's industry volume variance.

Correct Answer:

verifed

Verified

$54,600 F
b.$119,700 F
c.$65,100 U
Feedb...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents