Paquindo Co. has two products: X and Y. The firm had the following budget and operating results for the period just ended. The budgeted total industry sales for both products was 324,800 units and the actual industry sales was 350,000.
Required:
(A) Calculate the contribution margin sales volume variance for Product X.
(B) Calculate the contribution margin sales volume variance for Product Y.
(C) Calculate the sales mix variance for Product X.
(D) Calculate the sales quantity variance for Product X.
(E) Calculate the sales mix variance for Product Y.
(F) Calculate the sales quantity variance for Product Y.
(G) Calculate the market share variance for both products.
(H) Calculate the market size variance for both products.
Definitions:
Flexion
The action of bending or the condition of being bent, especially of a joint or limb.
Condylar Joint
A type of synovial joint that allows movement but restricts rotation. It's found in places like the knee and elbow.
Metacarpophalangeal
Joints located at the base of the fingers, connecting the metacarpal bones of the hand to the proximal phalanges of the fingers.
Carpalmetacarpal
Refers to the joints formed between the carpal (wrist) bones and the metacarpal bones of the hand.
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