Question :
Answer the following questions using the information below:
Woodruff Flowering Plants : 1211831
Answer the following questions using the information below:
Woodruff Flowering Plants provides the following information for the month of May:
ActualBudget
Fuchsia DogwoodFuchsia Dogwood
Sales in units18,0004,50017,0003,000
Contribution margin per unit$20$17$21$16
31) What is the budgeted contribution margin per composite unit for the actual mix?
A) $19.00
B) $20.30
C) $19.40
D) $20.00
32) What is the budgeted contribution margin per composite unit for the budgeted mix?
A) $19.00
B) $19.40
C) $20.00
D) $20.30
33) For May, Woodruff will report a(n) ________.
A) favorable sales-mix variance
B) unfavorable sales-mix variance
C) favorable sales-volume variance
D) unfavorable sales-volume variance
Answer the following questions using the information below:
The Corata Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products:
StandardSuper
Budgeted sales in units2,400600
Budgeted selling price$600$1,700
Budgeted contribution margin per unit$400$1,050
Actual sales in units2,8001,200
Actual selling price$650$1,680
34) What is the budgeted sales-mix percentage for the Standard and the Super vacuum cleaners, respectively?
A) 0.80 and 0.20
B) 0.70 and 0.30
C) 0.20 and 0.80
D) 0.30 and 0.70
35) What is the total sales-volume variance in terms of the contribution margin?
A) $260,000 unfavorable
B) $260,000 favorable
C) $530,000 unfavorable
D) $790,000 favorable
36) What is the total sales-quantity variance in terms of the contribution margin?
A) $260,000 favorable
B) $790,000 favorable
C) $530,000 favorable
D) $290,000 favorable
37) What is the total sales-mix variance in terms of the contribution margin?
A) $290,000 favorable
B) $260,000 favorable
C) $530,000 favorable
D) $790,000 favorable
Answer the following questions using the information below:
The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2015 were as follows:
Static Budget Victor House-Mate Total
Number sold6,00024,00030,000
Contribution margin$1,560,000$3,120,000$4,680,000
Actual Results Victor House-Mate Total
Number sold5,00035,00040,000
Contribution margin$1,400,000$4,130,000$5,530,000
38) What is the contribution margin for the flexible budget?
A) $1,250,000
B) $4,200,000
C) $5,250,000
D) $5,850,000
39) What is the total static-budget variance in terms of the contribution margin?
A) $900,000 favorable
B) $850,000 favorable
C) $250,000 unfavorable
D) $450,000 unfavorable
40) What is the total flexible-budget variance in terms of the contribution margin?
A) $900,000 favorable
B) $850,000 favorable
C) $320,000 unfavorable
D) $360,000 unfavorable
