Required: Compute the individual product and total sales volume variances for August.Compute the individual product and total sales quantity variances for August.Compute the individual and total sales mix variances for August. 5-27 Variance analysis of contribution margin, multiple products. Debbie'sDelight, Inc. operates a chain of cookie stores. Budgeted and actual operat-ing data of its three Calgary stores for August 19 7 are as follows:Budget for AugustContributionSelling Priceper KilogramMargin perKilogramVariable CostsSales Volumeper Kilogramin Kilogramsocolate chip$2.0045,00025,000$4.50$2.50Tameal raisin5.002.702.30aconut5.502.902.6010,000White chocolate6.003.003.005,000acadamia nut6.503.403.1015,000100,000Actual for AugustSelling Priceper KilogramContributionMargin perKilogramVariable CostsSales Volumeper Kilogramin KilogramsChocolate chipmeal raisinCoconut$4.50$2.60$1.9057,6005.202.902.3018,0005.502.802.709,600ite chocolateMacadamia nut6.003.402.6013,20021,600120,0007.004.003.00Debbie's Delight focusses on contribution margin in its variance analysis.VAR

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Description: Required: Compute the individual product and total sales volume variances for August.Compute the individual product and total sales quantity variances for August.Compute the individual and total sales mix variances for August. 5-27 Variance analysis

1. Sales Volume Variance Budgeted Sales Volume in Kg (A) Actual Sales Volume in Kg…

Business

Accounting

Compute the individual product and total sales volume variances for August. Compute the individual product and total sales quantity variances for August. Compute the individual and total sales mix variances for August.

Compute the individual product and total sales volume variances for August. Compute the individual product and total sales quantity variances for August. Compute the individual and total sales mix variances for August.

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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