Statin company expected to sell 3000 masks for $200 each but ended up selling 7500 for $150 each. Their contribution margins are listed below Actual Margin = $500 Standard Margin = $90 .Use the information below to answer following two questions. Statin company adds sanitizer to their product line bringing their total budgeted sales for both products up from 3000 to 4500 and actual sales increased from 7500 to 9000. 7 What is the mixture variance? a.810,000 b.(135,000) c.270,000 d.135,000 8.What is the volume variance
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
I need answer for requirement 7 and 8 only
Statin company expected to sell 3000 masks for $200 each but ended up selling 7500 for $150 each.
Their contribution margins are listed below
Actual Margin = $500
Standard Margin = $90
.Use the information below to answer following two questions.
Statin company adds sanitizer to their product line bringing their total budgeted sales for both products up from 3000 to 4500 and actual sales increased from 7500 to 9000.
7 What is the mixture variance?
a.810,000
b.(135,000)
c.270,000
d.135,000
8.What is the volume variance?
a.810,000
b.135,000
c.270,000
d.405,000
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