TV Timers, Incorporated, manufactures time control devices f…
TV Timers, Incorporated, manufactures time control devices for TV’s. The firm has the following operating data for its operations in July: Actual market size 10,000 Budgeted market size 11,250 Actual market share 34% Budgeted market share 32% Budgeted average contribution margin $ 6.00 Actual average contribution margin $ 5.25 What is the company’s market share variance?
Read DetailsSoft Fashions sells a line of women’s dresses. The company u…
Soft Fashions sells a line of women’s dresses. The company uses flexible budgets to analyze its performances. The firm’s performance report for November is presented below: Actual Budget Dresses sold 5,200 6,200 Sales $ 244,000 $ 297,600 Variable costs 145,600 179,800 Contribution margin $ 98,400 $ 117,800 Fixed costs 84,000 80,000 Operating income $ 14,400 $ 37,800 The effect of the sales volume variance on November’s contribution margin is:
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