53 better printing sells hardcover and softcover books for january the following inf 4302783
53) Better Printing sells hardcover and softcover books. For January the following information is available:
HardcoverSoftcover
Actual market size200,000400,000
Budgeted market size 250,000300,000
Actual market share38%36%
Budgeted market share36%32%
Budgeted Cont. Margin$2.40$1.00
Actual average selling price$14.00$6.50
Required:
1.Compute the market-share variance and market-size variance. (Round intermediate calculations to four decimal places)
2.Compute the total sales-quantity variance .
54) Bob's Appliances manufactures industrial dryers and washers. During February the following data are available:
DryersWashers
Actual units sold10,00040,000
Budgeted sales 8,82033,180
Actual selling price $700$900
Budgeted selling price $710$930
Budgeted market share 25%24%
Actual market share 20%25%
Budget cont. margin /unit $275$375
Required:
Determine the following:
1.Sales-mix and sales-quantity variances
2.Market-share and market-size variances (for calculation purposes round combined actual and budgeted market share percentages to six decimal places.)
