Exercise 17-29 (Algo) Industry Volume and Market Share Variances (LO 17-3) Gerisch Consolidated sold 21,620 units of its only product last period. It had budgeted sales of 24,770 units based on an expected market share of 25 percent. The sales activity variance for the period is $466,200 U. The industry volume variance was $261,960 U. Required: a. What is the budgeted contribution margin per unit for the product? b. What is the actual industry volume? c. What was the actual market share for Gerisch? Note: Round your answer to 1 decimal place (i.e. .123 as 12.3). d. What is the market share variance? Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. a. Contribution margin b. Actual industry volume c. Actual market share d. Market share variance per unit units %

Required Information EX 10-28 (Algo) Cost Variance Investigation (LO 10-4) The director of cost management for Odessa Company uses a statistical control chart to help management determine when to investigate variances. The critical value is 1 standard deviation. The company incurred the following direct-labor efficiency variances during the first six months of the current year. January February March April May June The standard direct-labor cost during each of these months was $21,000. The controller has estimated that the firm's monthly direct-labor variances have a standard deviation of $970. EX 10-28 (Algo) Part 2: Which varlances will be investigated? $ 270 F 820 U 720 U 920 U 1,070 U 1,300 U Required: 2-a. Determine the cutoff value for investigation if the controller's rule of thumb is to investigate all variances equal to or greater than 6 percent of standard cost. 2-b. Based on the cutoff value, which month will have its direct-labor efficiency variance investigated? Complete…

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Question 4- Variance Analysis Required: The owners can see that the company sold a different amount of units than budgeted. They have asked vou to determine the flexible budget amounts and calculate the variances when comparing the flexible budget to the actual results S marksl. Flexible Budget Report Variance (show Static Flexible or Budget Budget Actual as positive Unfavorable Amount Amount Results amount) (U) Sales in Linits 6,500 6,200 Sales $ 650,000 650,000 Variable Cost 260,000 275,500 Foed Cost 26,000 25,000 Jet Operating Income 364 000 349,500