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(solution) Variance analysis, working backward. The Jinwa Corporation


Variance analysis, working backward. The Jinwa Corporation sells two brands of wine glasses: Plain and Chic. Jinwa provides the following information for sales in the month of June 2011: Static-budget total contribution margin……………………………$11,000 Budgeted units to be sold of all glasses………………………………2,000 units Budgeted contribution margin per unit of Plain……………………$4 per unit Budgeted contribution margin per unit of Chic……………………$10 per unit Total sales-quantity variance……………………………………….$2,200 U Actual sales-mix percentage of Plain……………………………………60% All variances are to be computed in contribution-margin terms. Required 1. Calculate the sales-quantity variances for each product for June 2011. 2. Calculate the individual-product and total sales-mix variances for June 2011. Calculate the individual product and total sales-volume variances for June 2011. 3. Briefly describe the conclusions you can draw from the variances.

 


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Sep 13, 2020

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