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almond37 [142]
3 years ago
10

Contribution Margin Variance, Contribution Margin Volume Variance, Market Share Variance, Market Size Variance Sulert, Inc., pro

duces and sells gel-filled ice packs. Sulert’s performance report for April 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 contribution margin volume variance. In your computations, round the contribution margin per unit to three decimal places. Contribution margin variance $ Unfavorable Contribution margin volume variance $ Unfavorable 2. Calculate the market share variance and the market size variance. In your computations, round the unit contribution margin to three decimal places and round the market share percentage to one decimal place (for example, .8439 would be rounded to 84.4%). Round your final answers to the nearest dollar. (CMA adapted) Market share variance $ Unfavorable Market size variance $ Favorable

Business
1 answer:
Eva8 [605]3 years ago
7 0

Answer:

1. Market share variance= $65,903(Unfavorable)

2. Market size variance= $36,613(favourable)

Check attachment for the table

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A corporation's board of directors are - the sole owners of the corporation. - control the day-to-day activities of the corporat
Alexeev081 [22]

Answer:

- control the day-to-day activities of the corporation.

Explanation:

The  board of directors are people chosen by the instiution, the owners of the institutions or the members of an institution to govern the institution and be responsible for the actions and directions that the organization takes, they could be owners, workers or externate associates to the institution and they control the day-to-day activities of the corporation.

3 0
3 years ago
Russell, an entrepreneur, wants to hire a human resource professional who can help him make decisions about who will or will not
worty [1.4K]

Answer: Recruitment manager

Explanation: Recruitment manager are managers working in relation with the human resource department of the organisation and are responsible for hiring and firing of the personnel in the organisation. The main role of recruitment manager is to find competent employees to the organisation at a reasonable cost. Recruitment managers perform functions like interviews , reference check and background check etc for competent employees recruitment.

4 0
3 years ago
Read 2 more answers
If there is a decrease in the short-run aggregate supply curve and no changes in fiscal policy are implemented, the economy over
ElenaW [278]

Answer: Return to the original output and price level

Explanation:

There is a general consensus in the Economic world that the Economy will usually adjust back to a level of full employment which is the Long Run Aggregate Supply curve.

When the short short-run aggregate supply curve experiences a decrease, the variables at play will adjust to such a point where they will return to the Original Output and price level assuming that was the Long Run AS level. For instance, <em>if the price of a raw material needed in production rises, output will decrease as the inputs have become more expensive. As a result of this decrease in output, unemployment goes up which will theoretically mean that wages will go down as there are now more people looking for jobs. This will reduce the wage cost and producers will take advantage to start producing more bringing the Economy back to the original level.  </em>

4 0
3 years ago
Wine and Roses, Inc., offers a bond with a coupon of 7.0 percent with semiannual payments and a yield to maturity of 7.75 percen
Aneli [31]

Answer:

P = 9359.8

Explanation:

Given:

  • n = 14
  • YTM = 7.75% = 0.0775
  • F = 1000
  • Coupon rate = 7.0 percent => Coupon payment is: 1000*7% = 70

As we know that, the formula to find out YTM is:

       YTM = [C + (F-P/n) ] / (F+ P) / 2

<=> 0.0775 = [ 70 + (1000 - P/14)] / (1000+P)/2

<=> 0.0775(1000+P) /2 =  70 + (1000 - P/14)

<=> 0.0775(1000+P)  = 140 + 2(1000 - P/14)  

<=> P = 9359.8

So the price of the $1,000 face value bond is 9359.8  

5 0
4 years ago
Read 2 more answers
Bruner Stores wants to have 900 shovels in ending inventory on December 31. Budgeted sales for December are 2,500 shovels. The N
ziro4ka [17]

Answer: 2,900 shovels

Explanation:

Ending Inventory = Beginning Inventory + Total Inventory Purchased - Sales

900 = 500 + Total produced - 2,500

Total Purchased  = 900 + 2,500 - 500

Total purchased = 2,900 shovels

NB; There was no beginning balance in your question so I gave a random figure of 500 units. Use the equation if the figure is different.

5 0
4 years ago
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