11 Jan The sales-mix variance
Week 2 quiz
Question 1. (TCO 6) Homogeneity is used to
develop cost pools in which the costs have the same or similar cost-allocation base.
develop cost pools of similar amounts for allocation purposes.
develop cost pools based on similarity of origination costs to be allocated.
develop costs pools only for activity-based costing.
Question 2. (TCO 6) In a customer cost hierarchy, the costs of a sales visit made to a customer is
a customer output unit-level cost.
a customer batch-level cost.
a customer-sustaining cost.
a distribution-channel cost.
Question 3. (TCO 5) Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX.
Budgeted Data Actual Data
Tuna ChikBits ChezNips Tuna ChikBits ChezNips
Bags 7,200 4,800 4,000 10,800 3,600 7,200
CM per bag $2.50 $4.00 $5.00 $2.00 $3.00 $7.50
Cont. Margin $18,000 $19,200 $20,000 $21,600 $10,800 $54,000
Total Contribution Margin $57,200 $86,400
According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that the total number of bags of cat treats sold for December 200X in Southfield was 72,000.
The sales-mix variance for December 20XX for Natural Nutrients Bakery is
$8,600 F.
$8,760 F.
$160 F.
$180 F.
Question 4. (TCO 6) The following data are for Kershaw Company for the last month.
Budgeted direct labor mix at budgeted prices for actual output produced the following.
3,825 skilled hours at $16 per hour
1,275 unskilled hours at $12 per hour
5,100 total hours
Actual results
4,000 skilled hours at $19 per hour
1,000 unskilled hours at $9 per hour
5,000 total hours
The direct labor yield variance for both types of labor together is
$1,500 favorable.
$1,000 unfavorable.
$1,000 favorable.
$500 favorable.
Question 5. (TCO 6) The following data are for Uriah Corp. for the first quarter of the current fiscal year.
Actual Results Static Budget
Unit sales:
Product X
15,000 40,000
Product Y
65,000 60,000
Total
80,000 100,000
Contribution margin per unit:
Product X
$4 $5
Product Y
$3 $2
The sales-mix variance for both products together is
$51,000 unfavorable.
$64,000 unfavorable.
$115,000 unfavorable.
$115,000 favorable.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.