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3510 sample Mid-term 2

3510 sample Mid-term 2 - AK/ADMS 3510 3.0 Fall 2009...

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AK/ADMS 3510 3.0: Fall 2009: Sections A, B, C: Mid-Term #2: 17th November 2009: There are 4 questions: each carries equal marks; you are advised to spend about 30 minutes on each question; answer them all; show all workings and explanations. Student name:………………………………………………………… Student # ....................................................................................... Section: A: Tuesday 7-10 B: Friday 2.30 – 5.30 C: Tuesday 4-7
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Question 1: (25 marks) William’s Motors sells electric motors. There are two models: ½ HP and 5 HP. During January 2003 the following activities occurred: ½ HP 5 HP Budgeted sales units 10,000 4,000 Actual units sold 10,500 3,800 Budgeted contribution margin per unit $20 $50 Actual contribution margin per unit $18 $55 Required: calculate: i) the sales volume variance for each product and in total; (10 marks) ½ HP 5 HP Total
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ii) the sales mix variance for each product and in total; (5 marks) ½ HP 5 HP Total iii) the sales quantity variance for each product and in total. (5 marks) ½ HP 5 HP Total
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iv) Which are more important: cost related variances or sales related variances? (5 marks).
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Question 2: (25 marks)
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