Threadz is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Threadz' expectations and actual results were as follows. Quarter-zip Sweatshirt Budgeted Sales Volume Actual Sales Volume Budgeted Selling Price Actual Selling Price Budgeted Variable Unit Cost 400 450 $40 $42 $25 600 550 $50 $48 $30 Actual variable costs equaled the flexible budget variable costs. How much was Threadz' sales mix variance this year? How much was the company's sales quantity variance? $ Sales mix variance 50 Unfavorable Sales quantity variance $ 0 Neither Favorable nor Unfavorable

Threadz is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Threadz' expectations and actual results were as follows. Quarter-zip Sweatshirt Budgeted Sales Volume Actual Sales Volume Budgeted Selling Price Actual Selling Price Budgeted Variable Unit Cost 400 450 $40 $42 $25 600 550 $50 $48 $30 Actual variable costs equaled the flexible budget variable costs. How much was Threadz' sales mix variance this year? How much was the company's sales quantity variance? $ Sales mix variance 50 Unfavorable Sales quantity variance $ 0 Neither Favorable nor Unfavorable

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 21P

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Cole Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: (Click the icon to view the data.) Prepare an analysis to show which product the company should emphasize. (Enter the units displayed per square foot and the contribution marain per square foot to two decimal places.) Units displayed per square foot: Designer Moderately priced Contribution margin per unit Contribution margin per square foot of display space Capacity-Square feet of display space Total contribution margin at capacity Show Transcribed Text Data table CO Average sale price Average variable costs Average contribution margin Average fixed costs (allocated) Average operating income. Designer $ $ Ĉ Product Moderately Priced Per Item Designer Moderately Priced 210 $ 100 110 15 95 $ 85 21 64 5 59 The Cole Company store in Grand Junction, Colorado, has 15,000 square feet of floor space. If Cole…
RunningWithTheDevil.com created a web site to market running shoes and other running apparel. Management would like a special pop-up offer to appear for female web-site visitors and a different special pop-up offer to appear for male web-site visitors. From a sample of past web-site visitors, RunningWithTheDevil’s management learns that 60% of the visitors are male and 40% are female. What is the probability that a current visitor to the web site is female? Suppose that 30% of RunningWithTheDevil’s female visitors previously visited LetsRun.com and 10% of male customers previously visited LetsRun.com. If the current visitor to RunningWithTheDevil’s web site previously visited LetsRun.com, what is the revised probability that the current visitor is female? Should the RunningWithTheDevil’s web site display the special offer that appeals to female visitors or the special offer that appeals to male visitors?
Stenback Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: (Click the icon to view the data.) Prepare an analysis to show which product the company should emphasize. (Enter the units displayed per square foot - X Data table CIDS Product Per Item Designer Designer Moderately Priced 180 $ Units displayed per square foot: 65 Designer Moderately priced Contribution margin per unit Contribution margin per square foot of display space Capacity-Square feet of display space Total contribution margin at capacity ▼ Decision: * esc #t a $ 1 2 3 4 LOL WIER 15 % 5 T 6 44. & Y hp 7 FIS . 00 8 19 Average sale price Average variable costs Average contribution margin 115 20 Average fixed costs (allocated) Average operating income $ 95 $ 56 The Stenback Company store in Grand Junction, Colorado, has 11,000 square feet of floor space. If Stenback Company emphasizes moderately…
Stenback Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: 1(Click the icon to view the data.) Prepare an analysis to show which product the company should emphasize. (Enter the units displayed per square foot and the contribution margin per square foot to two decimal places.) Product Designer Moderately Priced Units displayed per square foot: Designer Moderately priced Contribution margin per unit × × Contribution margin per square foot of display space Capacity-Square feet of display space × × Total contribution margin at capacity Decision: (1) 1: Data Table Per Item Designer Moderately Priced Average sale price $220 $88…
Making sales mix decisions Moore Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: The Moore Company store in Grand Junction, Colorado, has 14,000 square feet of Floorspace. If Moore Company emphasizes moderately priced goods, it can display 840 items in the store. If Moore Company emphasizes designer wear, it can display only 560 designer items. These numbers are also the average monthly sales in units. Prepare an analysis to show which product the company should emphasize.
Jims Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two cameras are as follows: Ds = demand for the Sky Eagle, Ps is the selling price of the Sky Eagle, DH is the demand for the Horizon, and PH is the selling price of the Horizon. DS=2220.60Ps+0.35PHDH270+0.10Ps0.64PH The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models, and find the prices that maximize revenue.
Refer to Cornerstone Exercise 3.4 for data on Dohini Manufacturing Companys purchasing cost and number of purchase orders. The controller for Dohini Manufacturing ran regression on the data, and the coefficients shown by the regression program are: Required: 1. Construct the cost formula for the purchasing activity showing the fixed cost and the variable rate. 2. If Dohini Manufacturing Company estimates that next month will have 430 purchase orders, what is the total estimated purchasing cost for that month? (Round your answer to the nearest dollar.) 3. What if Dohini Manufacturing wants to estimate purchasing cost for the coming year and expects 5,340 purchase orders? What will estimated total purchasing cost be? (Round your answer to the nearest dollar.) What is the total fixed purchasing cost? Why doesnt it equal the fixed cost calculated in Requirement 1?
Bigdog Company distributes pet products. Its ABC system has five activities: Activity Area Cost Driver Rate in 2020 1. Order processing $50 per order 2. Line-item ordering $5 per line item 3. Store deliveries $40 per store delivery 4. Carton deliveries $6 per carton 5. Shelf-stocking $19 per stocking hour Rufus McBrain, the controller of Bigdog Company, wants to use this ABC system to examine customer profitability. He focuses on two of his customers to find out the insights he can gain from using this system. Data for these two customers in April 2020 are as follows: Pet Store Annerley RSPCA store Springwood Total orders 13 7 Average line items per order 11 19 Total store deliveries 5 7 Average cartons shipped per store delivery 21 18 Average hours of shelf stocking per store delivery 0.5 0.75 Average revenue per delivery $2,600 $1,900 Average cost of goods sold per delivery…
Bigdog Company distributes pet products. Its ABC system has five activities: Activity Area Cost Driver Rate in 2020 1. Order processing $50 per order 2. Line-item ordering $5 per line item 3. Store deliveries $40 per store delivery 4. Carton deliveries $6 per carton 5. Shelf-stocking $19 per stocking hour Rufus McBrain, the controller of Bigdog Company, wants to use this ABC system to examine customer profitability. He focuses on two of his customers to find out the insights he can gain from using this system. Data for these two customers in April 2020 are as follows: Pet Store Annerley RSPCA store Springwood Total orders 13 7 Average line items per order 11 19 Total store deliveries 5 7 Average cartons shipped per store delivery 21 18 Average hours of shelf stocking per store delivery 0.5 0.75 Average revenue per delivery $2,600 $1,900 Average cost of goods sold per delivery…
Share of Customer at the "Hopping Handbag Hut" You are the marketing analyst for an online retailer that specializes in selling women's handbags called the "Hopping Handbag Hut". Your company has an extensive CRM database. A previous analysis of the customer database has revealed 4 distinct segments of customers. Your company has tasked you with the challenge of increasing the average share of customer for members within each of the segments. Which segment appears to have the greatest opportunity for us to claim additional share of customer? Which segment may prove to be unprofitable for us to have used our new couponing campaign? Click the icon to view the handbag purchases table for the 5 segments. Segment with share of customer % appears to have the greatest opportunity for us to claim additional share of customer. (Round to the nearest percent.) Help Me Solve This More Info Segment Segment A Segment B Segment C Segment D Segment E 6-Months Prior # Handbags Bought at Handbag Hut…
Company XYZ is specialized in producing and selling smart watches. The company currently has two products and is planning to improve it profits in the coming years. The company is thinking of introducing a sales commission to encourage its sales people to make more sales and improve company's profitability. When designing the sales commission the company should base the sales commission on: O a. The color of the product Ob. None of the given answers O C. The number of employees O d. The selling price O e. The contribution margin
Annie B's Homemade Ice Cream is an ice cream shop in Asheville, NC. The table shown below contains five measures under the column heading If and five measures under the column heading Then. If Employee turnover percentage Number of new flavors created Average revenue per order Inventory as a percent of sales Average customer order fulfillment time → → → + Then Customer perception of our customer intimacy Customer perception of our product leadership Net operating income Return on assets Percent of customers that strongly agree with the statement "I would readily recommend your company to someone else" Required: 1. For each row in the table, write an if-then hypothesis statement that connects the two measures in a manner that most likely reflects the goals of the company. If the employee turnover percentage If the number of new flavors created If the average revenue per order If the inventory as a percent of sales If the average customer order fulfillment time then the customer…