Determine the gross margin mix selling price and sales, Ask an Expert

Accounting

Beta Division of Gotham Industries, Inc., makes three products. Last month's budgeted and actual sales and margins for these products were as follows:

Budget

Unit Sales Unit Margin
Product 1 3200 10.00
Product 2 1700 13.00
Product 3 5100 9.00
10,000 10.00

Actual

Product 1 2850 10.20
Product 2 2500 12.58
Product 3 4250 8.80
9600 10.20

Required:

Determine the gross margin mix, selling price, and sales volume variances. find out the net gross margin variance directly; then as a check see if it equals the sum of the three variance components you find outd individually.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M965909

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