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Budget for August 2017 Selling Price per Pint Variable Cost Contribution Sales Volume Margin per Pints in Pints per Pint $4.80 Mint chocolate chip $9.00 $4.20 35,000 Vanilla 9.00 45,000 3.20 5.80 5.00 Rum raisin 9.00 4.00 20,000 100,000 Actual for August 2017 Selling Price per Pint Variable Cost Sales Volume Contribution in Pounds Margin per Pound per Pound Mint chocolate chip $9.00 $4.60 $4.40 33,750 Vanilla 9.00 3.25 5.75 56,250 Rum raisin 9.00 5.15 3.85 22,500 112,500 The Robin's Basket focuses on contribution margin in its variance analysis. Compute the total sales-volume variance for August 2017. Compute the total sales-mix variance for August 2017. 1. Required 2. 3. Compute the total sales-quantity variance for August 2017. 4. Comment on your results in requirements 1, 2, and 3.

Budget for August 2017 Selling Price per Pint Variable Cost Contribution Sales Volume Margin per Pints in Pints per Pint $4.80 Mint chocolate chip $9.00 $4.20 35,000 Vanilla 9.00 45,000 3.20 5.80 5.00 Rum raisin 9.00 4.00 20,000 100,000 Actual for August 2017 Selling Price per Pint Variable Cost Sales Volume Contribution in Pounds Margin per Pound per Pound Mint chocolate chip $9.00 $4.60 $4.40 33,750 Vanilla 9.00 3.25 5.75 56,250 Rum raisin 9.00 5.15 3.85 22,500 112,500 The Robin's Basket focuses on contribution margin in its variance analysis. Compute the total sales-volume variance for August 2017. Compute the total sales-mix variance for August 2017. 1. Required 2. 3. Compute the total sales-quantity variance for August 2017. 4. Comment on your results in requirements 1, 2, and 3.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Variance analysis, multiple products. The Robin’s Basket operates a chain of Italian gelato stores. Although the Robin’s Basket charges customers the same price for all flavors, production costs vary, depending on the type of ingredients. Budgeted and actual operating data of its Washington, D.C., store for August 2017 are as follows:

Budget for August 2017 Selling Price per Pint Variable Cost Contribution Sales Volume Margin per Pints in Pints per Pint $4.80 Mint chocolate chip $9.00 $4.20 35,000 Vanilla 9.00 45,000 3.20 5.80 5.00 Rum raisin 9.00 4.00 20,000 100,000 Actual for August 2017 Selling Price per Pint Variable Cost Sales Volume Contribution in Pounds Margin per Pound per Pound Mint chocolate chip $9.00 $4.60 $4.40 33,750 Vanilla 9.00 3.25 5.75 56,250 Rum raisin 9.00 5.15 3.85 22,500 112,500 The Robin's Basket focuses on contribution margin in its variance analysis. Compute the total sales-volume variance for August 2017. Compute the total sales-mix variance for August 2017. 1. Required 2.
Transcribed Image Text:Budget for August 2017 Selling Price per Pint Variable Cost Contribution Sales Volume Margin per Pints in Pints per Pint $4.80 Mint chocolate chip $9.00 $4.20 35,000 Vanilla 9.00 45,000 3.20 5.80 5.00 Rum raisin 9.00 4.00 20,000 100,000 Actual for August 2017 Selling Price per Pint Variable Cost Sales Volume Contribution in Pounds Margin per Pound per Pound Mint chocolate chip $9.00 $4.60 $4.40 33,750 Vanilla 9.00 3.25 5.75 56,250 Rum raisin 9.00 5.15 3.85 22,500 112,500 The Robin's Basket focuses on contribution margin in its variance analysis. Compute the total sales-volume variance for August 2017. Compute the total sales-mix variance for August 2017. 1. Required 2.
3. Compute the total sales-quantity variance for August 2017. 4. Comment on your results in requirements 1, 2, and 3.
Transcribed Image Text:3. Compute the total sales-quantity variance for August 2017. 4. Comment on your results in requirements 1, 2, and 3.
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