This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Chair Company manufactures two modular types of chairs: one for the residential market, and the ... (Read 93 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Mar 6, 2021
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 2015 are: 

Static BudgetResidentialOfficeTotal
Number of chairs sold260,000140,000400,000
Contribution margin$26,000,000$11,200,000$37,200,000
Actual ResultsResidentialOfficeTotal
Number of chairs sold248,400165,600414,000
Contribution margin$22,356,000$13,248,000$35,604,000

Required: 
Compute the following variances in terms of contribution margin:
a.  Compute the total static-budget variance, the total flexible-budget variance, and the total sales-volume variance.
b.  Compute the sale-mix variance and the sales-quantity variance by type of chair, and in total.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by @Brianna17 on Mar 6, 2021

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Micrographs of nerve cells taken with different types of light microscopes. Micrographs of nerve cells taken with different types of light microscopes.
Different Types of Cells Different Types of Cells
Types of forceps. Types of forceps.
Types of Dysrhythmias Types of Dysrhythmias
Types of Bones Types of Bones
Types of Mutations in the HBB Gene That Cause p-Thalassemia Types of Mutations in the HBB Gene That Cause p-Thalassemia
Video: Oogenesis Animation

For a complete list of videos, visit our video library