51)
What is the total sales-quantity variance? 51)
______ A)
$37,625.00 favourable B)
$12,250.00 favourable C)
$1,937,50 favourable D)
$39,312.00 favourable E)
$12,687.50 favourable
52)
What is the total sales-volume variance? 52)
______ A)
$39,312 unfavourable B)
$52,624 favourable C)
$42,125 favourable D)
$37,625 favourable E)
$50,675 unfavourable
53)
When the actual mix of products sold shifts in favour of the high-contribution-margin product, 53)
______ A)
the total sales-volume variance is unfavourable. B)
the total sales mix variance is more favourable (or less unfavourable). C)
the total sales-volume variance is favourable. D)
the total sales-mix variance is unfavourable. E)
the total sales-mix variance is favourable.
54)
A company sells three different types of satellite dishes in Ontario, but sells only one type in Alberta. Available data are that the budgeted sales mix percentage in Ontario is .35(type 1), and .25(type 2). The contribution margins per unit are $200 (1), $120 (2), and $140(3).
Required:
Calculate the budgeted contribution margin per composite unit for the budgeted mix for Ontario and Alberta respectively. 54)
______ A)
$156 and $200 B)
$156 and $114 C)
They are the same in both provinces. D)
$156 and $70 E)
$114 and $70
55)
The (budgeted contribution margin per composite unit for the budgeted mix) times the difference between the budgeted market share and the actual market share, times the actual market in units, is called the 55)
______ A)
market-share variance. B)
budgeted market-size variance. C)
sales quantity variance. D)
market-size variance. E)
budgeted market-share variance.
Use the information below to answer the following question(s).
Remote Company manufactures remote control devices for electronic equipment. The following information was collected during June:
Actual market size (units)
20,000
Budgeted market size (units)
22,500
Actual market share
34%
Budgeted market share
32%
Budgeted selling price
$12.00
Actual selling price
$10.50
Budgeted cont. margin per unit$4.00
56)
What is the company’s market-share variance? 56)
______ A)
$1,600 unfavourable B)
$2,560 favourable C)
$1,600 favourable D)
$2,720 unfavourable E)
$2,720 favourable
57)
What is the company’s market-size variance? 57)
______ A)
$7,000 favourable B)
$4,800 favourable C)
$9,600 unfavourable D)
$3,200 unfavourable E)
$9,600 favourable
58)
________ examine(s) how customers differ in their profitability. 58)
______ A)
Price discounting B)
Customer revenue analysis C)
Customer-profitability analysis D)
Customer-price hierarchy E)
Customer-cost hierarchy
59)
Which of the following is a possible reason for a company to give a price discount to customer? 59)
______ A)
name recognition of the customer and volume purchases B)
volume purchases C)
to enable cost tracing to a specific product D)
name recognition of the customer E)
to enable cost tracing to a specific customer
60)
24-hour customer customer service not traceable to an individual customer is an example of what type of cost 60)
______ A)
customer specific costs. B)
warranty costs C)
customer sustainingcosts D)
corporate sustaining costs. E)
distribution channel costs.
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