(b1) Determine the sales mix and sales quantity variances for the bakery this period, specifying the amount and sign for each. (Round answers to 2 decimal places, e.g. 15.25.) Sales mix variance Sales quantity variance $ EA GA $
(b1) Determine the sales mix and sales quantity variances for the bakery this period, specifying the amount and sign for each. (Round answers to 2 decimal places, e.g. 15.25.) Sales mix variance Sales quantity variance $ EA GA $
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
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 27P: Hogs & Dawgs is an ice cream parlor on the border of north-central Louisiana and southern Arkansas...
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![As the bakery manager at the local grocery store, Donald monitored the mix of products most popular with consumers.
Just two years earlier, this store sold eight loaves of bread for each package of buns sold. Today, the ratio is closer to six
to one, bread to buns. Donald isn't sure why tastes or buying behavior have changed, but it's significant, so his
purchasing behavior has changed accordingly.
For the year just ended, the bakery department budgeted for sales of 10,200 loaves of bread and 1,800 packages of
buns. Actual sales were 9,900 loaves of bread and 1,100 packages of buns. Budgeted selling price and variable cost per
unit for each were as follows.
Bread
Buns
Budgeted selling price
$2.00
$2.80
Budgeted variable cost
0.60
1.00
Budgeted contribution margin
$1.40
$1.80
This year, the bread actually sold for $2.07 per loaf, while the package of buns sold for $2.92.
(a1)
(b1)
Determine the sales mix and sales quantity variances for the bakery this period, specifying the amount and sign for
each. (Round answers to 2 decimal places, e.g. 15.25.)
Sales mix variance
$
Sales quantity variance
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe15069a3-d28b-4981-a0f9-3c67039861f9%2Fed407cd1-83b7-49eb-af19-ff9d7666fc53%2Frrdk1bs_processed.png&w=3840&q=75)
Transcribed Image Text:As the bakery manager at the local grocery store, Donald monitored the mix of products most popular with consumers.
Just two years earlier, this store sold eight loaves of bread for each package of buns sold. Today, the ratio is closer to six
to one, bread to buns. Donald isn't sure why tastes or buying behavior have changed, but it's significant, so his
purchasing behavior has changed accordingly.
For the year just ended, the bakery department budgeted for sales of 10,200 loaves of bread and 1,800 packages of
buns. Actual sales were 9,900 loaves of bread and 1,100 packages of buns. Budgeted selling price and variable cost per
unit for each were as follows.
Bread
Buns
Budgeted selling price
$2.00
$2.80
Budgeted variable cost
0.60
1.00
Budgeted contribution margin
$1.40
$1.80
This year, the bread actually sold for $2.07 per loaf, while the package of buns sold for $2.92.
(a1)
(b1)
Determine the sales mix and sales quantity variances for the bakery this period, specifying the amount and sign for
each. (Round answers to 2 decimal places, e.g. 15.25.)
Sales mix variance
$
Sales quantity variance
$
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