Question 121. What is the budgeted contribution margin per composite unit for the actual mix?

121. What is the budgeted contribution margin per composite unit for the actual mix?

a. $8.00

b. $8.60

c. $9.00

d. $9.60

122. What is the budgeted contribution margin per composite unit for the budgeted mix?

a. $8.00

b. $8.60

c. $9.00

d. $9.60

123. For May, Edna will report a(n):

a. favorable sales-mix variance

b. unfavorable sales-mix variance

c. favorable sales-volume variance

d. unfavorable sales-volume variance

124. 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

125. What is the total sales-volume variance in terms of the contribution margin?

a. $108,000 unfavorable

b. $108,000 favorable

c. $278,000 favorable

d. $448,000 favorable

126. What is the total sales-quantity variance in terms of the contribution margin?

a. $110,000 favorable

b. $170,000 favorable

c. $278,000 favorable

d. $448,000 favorable

127. What is the total sales-mix variance in terms of the contribution margin?

a. $110,000 favorable

b. $170,000 favorable

c. $278,000 favorable

d. $448,000 favorable

128. More insight into the sales-quantity variance can be gained by subdividing it into:

a. the sales-mix variance and the sales-volume variance

b. the market-share variance and the market-size variance

c. the flexible-budget variance and the sales-volume variance

d. a cost hierarchy

129. The market-share variance results from a difference between the:

a. actual market share and the budgeted market share

b. actual contribution margin and the budgeted contribution margin

c. budgeted contribution margin per composite unit for the actual mix and the budgeted contribution margin per composite unit for the budgeted mix

d. actual market size in units and the budgeted market size in units

130. The market-share variance will be favorable when:

a. the flexible-budget contribution margin is greater than the static-budget contribution margin

b. the actual market share is greater than the budgeted market share

c. actual market size in units is less than budgeted market size in units

d. actual unit sales are less than budgeted unit sales

131. The market-share variance is MOST influenced by:

a. economic downturns in the economy

b. how well managers perform relative to their peers

c. shifts in consumer preferences that are outside of the manager’s control

d. rates of inflation

132. An unfavorable market-share variance would MOST likely be caused by:

a. a competitor providing better service

b. a competitor having distribution problems

c. the company offering products at a lower price

d. the company experiencing quality-control problems that get negative media coverage

133. The market-size variance results from a difference between the:

a. actual market share and the budgeted market share

b. actual contribution margin and the budgeted contribution margin

c. budgeted contribution margin per composite unit for the actual mix and the budgeted contribution margin per composite unit for the budgeted mix

d. actual market size in units and the budgeted market size in units

134. The market-size variance will be unfavorable when:

a. the flexible-budget contribution margin is greater than the static-budget contribution margin

b. the actual market share is greater than the budgeted market share

c. actual market size in units is less than budgeted market size in units

d. actual unit sales are less than budgeted unit sales

135. A favorable market-size variance would MOST likely be caused by:

a. the company reducing the services provided to customers

b. an increase in overall market size

c. a new competitor moving into the area

d. a competitor providing better prices

136. Reliable information about market size and market share is available for:

a. no industries

b. the management consulting and personal financial planning industries

c. the automobile and television industries

d. all industries

137. What is the market-size variance?

a. $500 U

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