Textbook Exercise 14-27: Variance analysis, multiple products.Textbook Exercise 14-28: Market-share and market-size variances (continuation of 14-27). 14-28 Market-share and market-size variances (continuation of 14-27). Soda-King prepared the budostfor 2017 assuming a 12.5% market share based on totai sales in the western region of the Australia. The toisoft drinks market was estimated to reach sales of 10 million cartons in the region. However, actual total salasvolume in the western region was 12.3 million cartons. Čalculate the market-share and market-size variancfor Soda-King in 2017. (Calculate all variances in terms of contribution margin.) Comment on the results (4-27/ Variance analysis, multipte products. Soda-King manufactures and sells two soft drinks: Kola andLimor, Budgeted and actual results for 2017 are as follows:Budget for 2017Actual for 2017Variable CostÇartonsSellingPriceSellingPriceVariable CostCartonsper Carton$5.75Productper Carton$5.50SoldSoldKolo$10.10$ 7.75$10.00500,000504,300Limor$ 7.50$4.00750,000$3.70725,7001. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantityvariance. (Calculate all variances in terms of contribution margin.) Show results for each product inyour computations.2 What inferences can you draw from the variances computed in requirement 1?Required

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Description: Textbook Exercise 14-27: Variance analysis, multiple products.Textbook Exercise 14-28: Market-share and market-size variances (continuation of 14-27). 14-28 Market-share and market-size variances (continuation of 14-27). Soda-King prepared the budost

Variances is the deviation from actual results of the standard or budgeted results. Higher variances…

Business

Accounting

4-27 Variance analysis, multiple products. Soda-King manufactures and sells two soft drinks: Kola and Limor. Budgeted and actual results for 2017 are as follows: Budget for 2017 Actual for 2017 Variable Cost Cartons Selling Price Selling Price Variable Cost Cartons Sold per Carton $5.75 $3.70 Product per Carton $5.50 Sold Kolo Limor $10.00 500,000 $10.10 504,300 $ 7.50 $4.00 750,000 $ 7.75 725,700 1. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. 2 What inferences can you draw from the variances computed in requirement 1? Required

4-27 Variance analysis, multiple products. Soda-King manufactures and sells two soft drinks: Kola and Limor. Budgeted and actual results for 2017 are as follows: Budget for 2017 Actual for 2017 Variable Cost Cartons Selling Price Selling Price Variable Cost Cartons Sold per Carton $5.75 $3.70 Product per Carton $5.50 Sold Kolo Limor $10.00 500,000 $10.10 504,300 $ 7.50 $4.00 750,000 $ 7.75 725,700 1. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. 2 What inferences can you draw from the variances computed in requirement 1? Required

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.2.6P: Budgeted income statement and supporting budgets The budget director of Jupiter Helmets Inc., with...

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