Contribution MarginVariance, Contribution Margin Volume Variance, Market ShareVariance, Market Size VarianceSulert, Inc., produces...Contribution MarginVariance,...

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Accounting

Contribution MarginVariance, Contribution Margin Volume Variance, Market ShareVariance, Market Size Variance
Sulert, Inc., producesand sells gel-filled ice packs. Sulert’s performance report forApril follows:
Actual Budgeted
Units sold 290,000 300,000
Sales $1,450,000 $1,515,000
Variable costs 652,500 636,300
Contribution margin $ 797,500 $ 878,700
Market size (in units) 1,250,000 1,200,000
Required:
1.Calculate the contribution margin variance and the contributionmargin volume variance. In your computations, round thecontribution margin per unit to three decimal places.
Contribution margin variance $
Contribution margin volume variance $
2.Calculate the market share variance and the market size variance.In your computations, round the unit contribution margin to threedecimal places and round the market share percentage to one decimalplace (for example, .8439 would be rounded to 84.4%). Round yourfinal answers to the nearest dollar. (CMA adapted)
Market share variance $
Market size variance $

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3.7 Ratings (613 Votes)

1 CM Variance Actual CM Per Unit Budgeted CM Per Unit Actual Sales 797500290000878700300000290000 51910 Contribution margin volume variance Contribution margin volume See Answer

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In: AccountingContribution MarginVariance, Contribution Margin Volume Variance, Market ShareVariance, Market Size VarianceSulert, Inc., produces...Contribution MarginVariance, Contribution Margin Volume Variance, Market ShareVariance, Market Size VarianceSulert, Inc., producesand sells gel-filled ice packs. Sulert’s performance report forApril follows:ActualBudgetedUnits sold290,000300,000Sales$1,450,000$1,515,000Variable costs652,500636,300 Contribution margin$ 797,500$ 878,700Market size (in units)1,250,0001,200,000Required:1.Calculate the contribution margin variance and the contributionmargin volume variance. In your computations, round thecontribution margin per unit to three decimal places.Contribution margin variance$Contribution margin volume variance$2.Calculate the market share variance and the market size variance.In your computations, round the unit contribution margin to threedecimal places and round the market share percentage to one decimalplace (for example, .8439 would be rounded to 84.4%). Round yourfinal answers to the nearest dollar. (CMA adapted)Market share variance$Market size variance$

	Actual	Budgeted
Units sold	290,000	300,000
Sales	$1,450,000	$1,515,000
Variable costs	652,500	636,300
Contribution margin	$ 797,500	$ 878,700
Market size (in units)	1,250,000	1,200,000

Contribution margin variance	$
Contribution margin volume variance	$