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Ali Raza2 Ali Raza2
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2 years ago
The Chair Company manufactures two modular types of chairs, one for the residential
market, and the other for the office market. Budgeted and actual operating data for the
year 20x3 are:
Static Budget Residential Office Total
Number of chairs sold 260,000 140,000 400,000
Contribution margin $26,000,000 $11,200,000 $37,200,000
Actual Results Residential Office Total
Number of chairs sold 248,400 165,600 414,000
Contribution margin $22,356,000 $13,248,000 $35,604,000
Prior to the beginning of the year, an office products research firm estimated the
industry volume for residential and office chairs of the type sold by the Chair
Company to be 2,400,000. Actual industry volume for the year 20x3 was only
2,200,000 chairs.
Required:
Compute the following variances in terms of contribution margin.
a. Compute the total sales-volume variance, Compute the sale-mix variance and
the sales-quantity variance by type of chair, and in total.
c. Compute the market-share variance and market-size variance
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bolbolbolbol
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Ali Raza2 Author
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2 years ago
Brilliant ツ
dri
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Yesterday
Thanks for your help!!
annielin111
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2 hours ago
Thank you, thank you, thank you!
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