please calculate correct answer Required:1. What is the contribution margin market share variance?2. What is the contribution margin market size variance?3. What are the selling price variance and sales volume variance?4. What are the sales mix variance and sales quantity variance?(For all requirements, do not round intermediate calculations. Round your answers to 2 decimalplaces.)1. Contribution margin market share variance2. Contribution margin market size variance3. Selling price varianceSales volume varianceFavorable4. Sales mix varianceSales quantity varianceUnfavorable Required information[The following information applies to the questions displayed below.]Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for thesame price per case in the U.S. market and in the export market. The latter market is primarily European countries. Bothbeers also have the same variable production costs, though the export product has slightly higher variable costs due toshipping and other distribution costs associated with the export beers. The price, cost, and market information for the twobeers are shown below:BudgetedWeightedAverage CMBudgetedActualSales units (cases)29,00019,00029,35021,500DomesticExportTotal48,00050,850Price per caseDomestic$ 102$ 101ExportVariable cost per case104106DomesticExportContribution margin per caseDomesticExportTotal contribution margin$ 69$ 698275$ 33$322231Domestic$ 957,000$ 939, 200Export418,000666, 500$ 28.6458Industry Budget Industry ActualSales units (cases)959,550673,750Domestic936,500663,400ExportThe budget was prepared with the expectation that the currency exchange rate would be $1.36 per euro. The actualaverage exchange rate for the period reflected the falling dollar, at $1.56 per euro.

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Required: 1. What is the contribution margin market share variance? 2. What is the contribution margin market size variance? 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance and sales quantity variance? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) 1. Contribution margin market share variance 2. Contribution margin market size variance 3. Selling price variance Sales volume variance 4. Sales mix variance Sales quantity variance Favorable Unfavorable

Required: 1. What is the contribution margin market share variance? 2. What is the contribution margin market size variance? 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance and sales quantity variance? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) 1. Contribution margin market share variance 2. Contribution margin market size variance 3. Selling price variance Sales volume variance 4. Sales mix variance Sales quantity variance Favorable Unfavorable

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 17E

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