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The Tempest Company has the following information for the current year.
The industry budget is 2 million units and the actual result for the industry is 2.5 million units.
Required:
1. Compute the contribution margin sales mix variance for product X.
2. Compute the contribution margin sales mix variance for product Y.
3. Compute the contribution margin sales volume variance for product X.
4. Compute the contribution margin sales volume variance for product Y.
5. Compute the contribution margin sales quantity variance for product X.
6. Compute the contribution margin sales quantity variance for product Y.
7. Compute the market share variance for Tempest.
8. Computer the market size variance for Tempest.
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Organizational Decisions
Choices made by the leaders of an organization that affect its strategies, operations, and overall direction.
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High-level managerial resolutions typically made by top executives or management within an organization.
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Convictions or acceptance that certain things are true or real, often without empirical evidence.
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