Question 1

The weighted-average budgeted contribution margin per unit is:

Accepted Answer

A) $8.90. 
B) $8.95. 
C) $10.18. 
D) $11.36. 
E) $11.94. 
A) $8.90. 
B) $8.95. 
C) $10.18. 
D) $11.36. 
E) $11.94.

Question 2

The sales mix variance for Product X is:

Accepted Answer

A) $22,200 favorable. 
B) $43,600 unfavorable. 
C) $43,600 favorable. 
D) $7,400 unfavorable. 
E) $23,200 unfavorablE.Total units: budget = 13,000; actual units = 12,000 
A) $22,200 favorable. 
B) $43,600 unfavorable. 
C) $43,600 favorable. 
D) $7,400 unfavorable. 
E) $23,200 unfavorablE.Total units: budget = 13,000; actual units = 12,000

Question 3

What is ET's sales mix variance?

Accepted Answer

A) $7,680 favorable. 
B) $8,640 favorable. 
C) $11,520 favorable. 
D) $12,960 favorable. 
E) $24,960 favorablE.Total units: budget = 4,000 + 4,000 = 8,000; actual units = 3,960 + 5,040 = 9,000 
A) $7,680 favorable. 
B) $8,640 favorable. 
C) $11,520 favorable. 
D) $12,960 favorable. 
E) $24,960 favorablE.Total units: budget = 4,000 + 4,000 = 8,000; actual units = 3,960 + 5,040 = 9,000

Question 4

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.

Accepted Answer

Answer may vary
Feed

Question 5

In 2013, the partial operational productivity of Material A is:

Accepted Answer

A) 0.30. 
B) 0.45. 
C) 2.22. 
D) 3.33. 
E) 5.00. 
A) 0.30. 
B) 0.45. 
C) 2.22. 
D) 3.33. 
E) 5.00.

Question 6

The selling price variance for Product X is:

Accepted Answer

A) $0. 
B) $30,000 unfavorable. 
C) $30,000 favorable. 
D) $15,000 favorable. 
E) $75,000 unfavorablE.Actual price: $360,000/3,000 = $120 
A) $0. 
B) $30,000 unfavorable. 
C) $30,000 favorable. 
D) $15,000 favorable. 
E) $75,000 unfavorablE.Actual price: $360,000/3,000 = $120

Question 7

The sales quantity variance of a firm arises when the:

Accepted Answer

A) Mixes of individual products sold differ from the budgeted mixes to be sold. 
B) Total units of all products sold differ from the budgeted total units to be sold. 
C) Total units of a product sold differ from the budgeted units of the product to be sold. 
D) Number of products sold differs from the budgeted number of products to be sold. 
E) Actual market size differs from the budgeted market size. 
A) Mixes of individual products sold differ from the budgeted mixes to be sold. 
B) Total units of all products sold differ from the budgeted total units to be sold. 
C) Total units of a product sold differ from the budgeted units of the product to be sold. 
D) Number of products sold differs from the budgeted number of products to be sold. 
E) Actual market size differs from the budgeted market size.

Question 8

In early 2006, the new CEO of Hewlett-Packard (H-P), Mark Hurd, became aware of a number of customer complaints about the accessibility of sales support at the company. The complaints referred to a confusing management structure and lack of contact with sales support personnel from H-P. There were 17,000 people working in H-P sales, and customers, particularly the large corporate customers, were frustrated dealing with the complexity of the H-P sales system.
Required:
What would you propose to Mark Hurd, the CEO at H-P, regarding an overhaul of the sales support systems at H-P?

Accepted Answer

Answer may vary
Feedback: Points for CEO

Question 9

The total selling price variance of the period is:

Accepted Answer

A) $0. 
B) $38,000 unfavorable. 
C) $67,500 unfavorable. 
D) $112,500 unfavorable. 
E) $122,000 unfavorablE.[($14 - $13) x 42,000] + [($29 - $30) x 80,000] = $38,000 unfavorable 
A) $0. 
B) $38,000 unfavorable. 
C) $67,500 unfavorable. 
D) $112,500 unfavorable. 
E) $122,000 unfavorablE.[($14 - $13) x 42,000] + [($29 - $30) x 80,000] = $38,000 unfavorable

Question 10

In 2013, the partial financial productivity of direct labor is:

Accepted Answer

A) 0.20. 
B) 0.25. 
C) 0.40. 
D) 4.00. 
E) 5.00. 
A) 0.20. 
B) 0.25. 
C) 0.40. 
D) 4.00. 
E) 5.00.

Question 11

Triple Delight is a food stand located on a busy corner in the local business district. On average it sells three cheeseburgers and one fishwich for every four hamburgers sold. The following data were culled from its operation for 2013:
   The estimated total volume for the food stands in the region was 2,500,000 units. Consistent good weather pushed the total volume for the year to 4,000,000.
Required:
Determine the following:
1. Budgeted weighted-average contribution margin.
2. Budgeted and actual market shares.
3. Budget and actual total units sold.
4. Sales quantity variances for fishwich.
5. Budgeted contribution margin of each product.
6. Actual sales mix of each product.
7. Budget and actual units sold for each product.

Accepted Answer

Answer may

Question 12

The firm's market share variance for the period is:

Accepted Answer

A) $5,670 unfavorable. 
B) $30,600 unfavorable. 
C) $23,200 favorable. 
D) $61,200 favorable. 
E) $91,000 favorablE.Market share: budget = 13,00/130,000 = 10%; actual: 12,000/100,000 = 12% 
A) $5,670 unfavorable. 
B) $30,600 unfavorable. 
C) $23,200 favorable. 
D) $61,200 favorable. 
E) $91,000 favorablE.Market share: budget = 13,00/130,000 = 10%; actual: 12,000/100,000 = 12%

Question 13

(Units sold - budgeted sales units) x (Budgeted contribution margin per unit) equals:

Accepted Answer

A) Sales-mix variance. 
B) Market size variance. 
C) Sales quantity variance. 
D) Sales volume variance. 
E) Flexible budget variance. 
A) Sales-mix variance. 
B) Market size variance. 
C) Sales quantity variance. 
D) Sales volume variance. 
E) Flexible budget variance.

Question 14

The market share variance is:

Accepted Answer

A) $113,600 unfavorable. 
B) $138,560 unfavorable. 
C) $259,200 unfavorable. 
D) $277,184 unfavorable. 
E) $338,800 unfavorablE.(.05-.06) x 2,440,000 x $11.36 = $277,184 unfavorable 
A) $113,600 unfavorable. 
B) $138,560 unfavorable. 
C) $259,200 unfavorable. 
D) $277,184 unfavorable. 
E) $338,800 unfavorablE.(.05-.06) x 2,440,000 x $11.36 = $277,184 unfavorable

Question 15

A firm manufactures 5,000 umbrellas per year. The umbrellas cost $25,000 to manufacture. The firm has an annual overhead cost of $5,000. What is the total productivity of manufacturing umbrellas?

Accepted Answer

A) 0.20 umbrellas/dollar 
B) 0.20 dollars/umbrella 
C) 5 umbrellas/dollar 
D) 0.17 dollars/umbrella 
A) 0.20 umbrellas/dollar 
B) 0.20 dollars/umbrella 
C) 5 umbrellas/dollar 
D) 0.17 dollars/umbrella

Question 16

The contribution margin sales volume variance for Product Y is:

Accepted Answer

A) $7,500 favorable 
B) $26,000 favorable. 
C) $42,500 unfavorable. 
D) $52,000 unfavorable. 
E) $75,000 favorablE.Budgeted units: $360,000/$60 = 6,000 
A) $7,500 favorable 
B) $26,000 favorable. 
C) $42,500 unfavorable. 
D) $52,000 unfavorable. 
E) $75,000 favorablE.Budgeted units: $360,000/$60 = 6,000

Question 17

What is MT's sales mix variance?

Accepted Answer

A) $800 unfavorable. 
B) $9,600 unfavorable. 
C) $10,800 unfavorable. 
D) $12,480 unfavorable. 
E) $14,040 unfavorablE.Total units: budget = 4,000 + 4,000 = 8,000; actual units = 3,960 + 5,040 = 9,000 
A) $800 unfavorable. 
B) $9,600 unfavorable. 
C) $10,800 unfavorable. 
D) $12,480 unfavorable. 
E) $14,040 unfavorablE.Total units: budget = 4,000 + 4,000 = 8,000; actual units = 3,960 + 5,040 = 9,000

Question 18

The market size variance arises because of changes:

Accepted Answer

A) In the total market size of the firm's product. 
B) In the firm's proportion in the total market. 
C) In the number of firms in the market. 
D) In the firm's total sales volume. 
A) In the total market size of the firm's product. 
B) In the firm's proportion in the total market. 
C) In the number of firms in the market. 
D) In the firm's total sales volume.

Question 19

(Budgeted contribution margin per unit) x (units sold - units budgeted to be sold) x (budgeted sales mix of the product) equals:

Accepted Answer

A) Sales efficiency variance. 
B) Sales quantity variance. 
C) Sales price variance. 
D) Sales mix variance. 
E) Sales volume variance. 
A) Sales efficiency variance. 
B) Sales quantity variance. 
C) Sales price variance. 
D) Sales mix variance. 
E) Sales volume variance.

Question 20

What is the firm's total sales mix variance?

Accepted Answer

A) $0. 
B) $500 favorable. 
C) $725 unfavorable. 
D) $3.000 favorable. 
E) $3,000 unfavorable. 
A) $0. 
B) $500 favorable. 
C) $725 unfavorable. 
D) $3.000 favorable. 
E) $3,000 unfavorable.

The weighted-average budgeted contribution margin per unit is:

The sales mix variance for Product X is:

What is ET's sales mix variance?

In 2013, the partial operational productivity of Material A is:

The selling price variance for Product X is:

The sales quantity variance of a firm arises when the:

The total selling price variance of the period is:

In 2013, the partial financial productivity of direct labor is:

The firm's market share variance for the period is:

(Units sold - budgeted sales units) x (Budgeted contribution margin per unit) equals:

The market share variance is:

A firm manufactures 5,000 umbrellas per year. The umbrellas cost $25,000 to manufacture. The firm has an annual overhead cost of $5,000. What is the total productivity of manufacturing umbrellas?

The contribution margin sales volume variance for Product Y is:

What is MT's sales mix variance?

The market size variance arises because of changes:

(Budgeted contribution margin per unit) x (units sold - units budgeted to be sold) x (budgeted sales mix of the product) equals:

What is the firm's total sales mix variance?

Short-Term Profit Planning: Cost-Volume-Profit CVP Analysis

Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map

Basic Cost Management Concepts

Job Costing

Activity-Based Costing and Customer Profitability Analysis

Process Costing

Cost Allocation: Departments, Joint Products, and By-Products

Cost Estimation

Short-Term Profit Planning: Cost-Volume-Profit Cvp Analysis

Strategy and the Master Budget

Decision Making With a Strategic Emphasis

Strategy and the Analysis of Capital Investments

Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing

Operational Performance Measurement: Sales, Direct-Cost Variances, and the Role of Nonfinancial Performance Measures

Operational Performance Measurement: Indirect-Cost Variances and Resource-Capacity Management

The Management and Control of Quality

Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard

Strategic Performance Measurement: Investment Centers and Transfer Pricing

Management Compensation, Business Analysis, and Business Valuation

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Exam 16: Operational Performance Measurement: Further Analysis of Productivity and Sales

The weighted-average budgeted contribution margin per unit is:

The sales mix variance for Product X is:

What is ET's sales mix variance?

In 2013, the partial operational productivity of Material A is:

The selling price variance for Product X is:

The sales quantity variance of a firm arises when the:

The total selling price variance of the period is:

In 2013, the partial financial productivity of direct labor is:

The firm's market share variance for the period is:

(Units sold - budgeted sales units) x (Budgeted contribution margin per unit) equals:

The market share variance is:

A firm manufactures 5,000 umbrellas per year. The umbrellas cost $25,000 to manufacture. The firm has an annual overhead cost of $5,000. What is the total productivity of manufacturing umbrellas?

The contribution margin sales volume variance for Product Y is:

What is MT's sales mix variance?

The market size variance arises because of changes:

(Budgeted contribution margin per unit) x (units sold - units budgeted to be sold) x (budgeted sales mix of the product) equals:

What is the firm's total sales mix variance?

Short-Term Profit Planning: Cost-Volume-Profit CVP Analysis

Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map

Basic Cost Management Concepts

Job Costing

Activity-Based Costing and Customer Profitability Analysis

Process Costing

Cost Allocation: Departments, Joint Products, and By-Products

Cost Estimation

Short-Term Profit Planning: Cost-Volume-Profit Cvp Analysis

Strategy and the Master Budget

Decision Making With a Strategic Emphasis

Strategy and the Analysis of Capital Investments

Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing

Operational Performance Measurement: Sales, Direct-Cost Variances, and the Role of Nonfinancial Performance Measures

Operational Performance Measurement: Indirect-Cost Variances and Resource-Capacity Management

The Management and Control of Quality

Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard

Strategic Performance Measurement: Investment Centers and Transfer Pricing

Management Compensation, Business Analysis, and Business Valuation

Filters