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1. 2. 3. Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarily European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below: 4. Sales units (cases) Domestic Export Total Price per case Domestic Export Variable cost per case Domestic Export Contribution margin per case Domestic Export Total contribution margin Domestic Export Sales units (cases) Domestic Export Industry Budget 931,500 659,400 Market share variance Market size variance Selling price variance Sales volume variance Sales mix variance Sales quantity variance Budgeted 28,000 18,000 46,000 $ $ Answer is not complete. $ 100 $ 102 68 $ 80 32 $ 22 Industry Actual 954,550 669,750 Favorable Favorable Actual 28,350 20,500 48,850 $896,000 $878,850 396,000 615,000 99 104 68 74 Required: 1. What is the market share variance? 2. What is the market size variance? 3. What is the selling price variance and sales volume variance? 4. What is the sales mix variance and sales quantity variance? (For all requirements, do not round Intermediate calculations. Round your answers to 2 decimal places.) Favorable Favorable Unfavorable Favorable 31 30 The budget was prepared with the expectation that the currency exchange rate would be $1.35 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.54 per euro. Budgeted Wt Avg CM $28.0870

1. 2. 3. Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarily European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below: 4. Sales units (cases) Domestic Export Total Price per case Domestic Export Variable cost per case Domestic Export Contribution margin per case Domestic Export Total contribution margin Domestic Export Sales units (cases) Domestic Export Industry Budget 931,500 659,400 Market share variance Market size variance Selling price variance Sales volume variance Sales mix variance Sales quantity variance Budgeted 28,000 18,000 46,000 $ $ Answer is not complete. $ 100 $ 102 68 $ 80 32 $ 22 Industry Actual 954,550 669,750 Favorable Favorable Actual 28,350 20,500 48,850 $896,000 $878,850 396,000 615,000 99 104 68 74 Required: 1. What is the market share variance? 2. What is the market size variance? 3. What is the selling price variance and sales volume variance? 4. What is the sales mix variance and sales quantity variance? (For all requirements, do not round Intermediate calculations. Round your answers to 2 decimal places.) Favorable Favorable Unfavorable Favorable 31 30 The budget was prepared with the expectation that the currency exchange rate would be $1.35 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.54 per euro. Budgeted Wt Avg CM $28.0870

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. 2. 3. Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarily European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below: 4. Sales units (cases) Domestic Export Total Price per case Domestic Export Variable cost per case Domestic Export Contribution margin per case Domestic Export Total contribution margin Domestic Export Sales units (cases) Domestic Export Industry Budget 931,500 659,400 Market share iance Market size variance Selling price variance Sales volume variance Sales mix variance Sales quantity variance Budgeted 28,000 18,000 46,000 $ $ $ Answer is not complete. 100 102 68 $ 80 $ 32 $ 22 Industry Actual 954,550 669,750 Favorable Favorable Favorable Actual 28,350 20,500 48,850 99 $896,000 $878,850 396,000 615,000 Favorable Unfavorable Favorable 104 68 74 Required: 1. What is the market share variance? 2. What is the market size variance? 3. What is the selling price variance and sales volume variance? 4. What is the sales mix variance and sales quantity variance? (For all requirements, do not round Intermediate calculations. Round your answers to 2 decimal places.) 31 30 The budget was prepared with the expectation that the currency exchange rate would be $1.35 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.54 per euro. Budgeted Wt Avg CM $28.0870
Transcribed Image Text:1. 2. 3. Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarily European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below: 4. Sales units (cases) Domestic Export Total Price per case Domestic Export Variable cost per case Domestic Export Contribution margin per case Domestic Export Total contribution margin Domestic Export Sales units (cases) Domestic Export Industry Budget 931,500 659,400 Market share iance Market size variance Selling price variance Sales volume variance Sales mix variance Sales quantity variance Budgeted 28,000 18,000 46,000 $ $ $ Answer is not complete. 100 102 68 $ 80 $ 32 $ 22 Industry Actual 954,550 669,750 Favorable Favorable Favorable Actual 28,350 20,500 48,850 99 $896,000 $878,850 396,000 615,000 Favorable Unfavorable Favorable 104 68 74 Required: 1. What is the market share variance? 2. What is the market size variance? 3. What is the selling price variance and sales volume variance? 4. What is the sales mix variance and sales quantity variance? (For all requirements, do not round Intermediate calculations. Round your answers to 2 decimal places.) 31 30 The budget was prepared with the expectation that the currency exchange rate would be $1.35 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.54 per euro. Budgeted Wt Avg CM $28.0870
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