Question
In: Accounting
J&J, Inc., manufactures two products that it sells to the same market. Excerpted below are its...
J&J, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed:
| Budget | Actual | ||
| Unit sales | |||
| Product X | 31,500 | 78,000 | |
| Product Y | 81,000 | 44,000 | |
| Unit contribution margin | |||
| Product X | $ | 4.8 | 3.9 |
| Product Y | $ | 13 | 14 |
| Unit selling price | |||
| Product X | $ | 13 | 14 |
| Product Y | $ | 30 | 29 |
Industry volume was estimated to be 1,425,000 units at the time the budget was prepared. Actual industry volume for the period was 1,720,000 units. J&J measures variances using contribution margin. The market share variance is: (Round percentage answers to nearest whole percent and other values to 2 decimal places.)
|
$75,400 unfavorable. |
|
$91,990 unfavorable. |
|
$171,900 unfavorable. |
|
$184,040 unfavorable. |
|
$224,700 unfavorable. |
Solutions
ekkarill92 answered 1 hour agoRelated Solutions
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Multiple Choice
Top of Form
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