Question 43 Not yet graded/6 pts The Octova Corporation manufactures two types of vacuum cleaners:...

70.2K

Verified Solution

Question

Accounting

image
Question 43 Not yet graded/6 pts The Octova Corporation manufactures two types of vacuum cleaners: the ZENITH for commercial building use and the House-Helper for residences, Budgeted and actual operating data for the year 20X5 are as follows: Static Budget ZENITH House Helper Total Number sold 23,000 80,000 103,000 Contribution margin $4,600,000 $24,000,000 $28,600,000 Actual Results ZENITH House-Helper Total Number sold 30,000 60,000 90,000 Contribution margin $4,500,000 $30,000,000 $34,500,000 a. Calculate the contribution margin for the flexible budget. ZENITH:? House-Helper:? Flex-Budget Contribution Margin = ? b. Determine the total static-budget variance, the total flexible-budget variance, and the total sales volume variance in terms of the contribution margin. Static Budget Variance = ? Flex-Budget Variance = ? Sales-Volume Variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students