Master budget profit plan
Not what you're looking for?
10.23 Analyzing contribution margin changes. The Diaz Company, which sells hard hats for construction, provided the following data for years 1 and 2:
Year 1 Year 2
Sales Volume 14,000 hats 10,000 hats
Sales Revenue 1,750,000 1,500,000
Variable Costs (1,470,000) (1,050,000)
Contribution Margin $280,000 $45,000
What impact the changes in sales volume and in sales price have on contribution margin? (Hint: Compare the actual, flexible budget portion of the profit variance analysis. Use year 1 as the " Master Budget.")
Purchase this Solution
Solution Summary
The solution explains two questions relating to master budget profit plan. The margin changes for Diaz Company is examined.
Purchase this Solution
Free BrainMass Quizzes
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Operations Management
This quiz tests a student's knowledge about Operations Management
Introduction to Finance
This quiz test introductory finance topics.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.