Please do not give solution in image format thanku Exercise 17-31 (Algo) Sales Mix and Quantity Variances (LO 17-4)Allonby Foods processes frozen meals for sale in grocery and other retail outlets. Two versions are produced: The FlavorPak versionhas a budgeted price of $16 per case and a standard variable cost of $9 per case. The Gourmet version has a budgeted price of $29per case and a standard variable cost of $18 per case. At the beginning of the year, the Marketing Group at Allonby estimated that thecompany would sell 60,210 cases of the FlavorPak version and 36,126 cases of the Gourmet version. The actual results for the yearshowed that 56,910 cases of the FlavorPak version and 37,940 cases of the Gourmet version were sold. Total revenues generated bysales of both versions amounted to $2,007,950 with $1,072,400 coming from the Gourmet version sales.Required:a. Compute the sales activity variance for the year.b. Compute the mix and quantity variances for the year.Complete this question by entering your answers in the tabs below.Required A Required BCompute the sales activity variance for the year.Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" forunfavorable. If there is no effect, do not select either option.Activity variance< Required ARequired B > Exercise 17-31 (Algo) Sales Mix and Quantity Variances (LO 17-4)Allonby Foods processes frozen meals for sale in grocery and other retail outlets. Two versions are produced: The FlavorPak versionhas a budgeted price of $16 per case and a standard variable cost of $9 per case. The Gourmet version has a budgeted price of $29per case and a standard variable cost of $18 per case. At the beginning of the year, the Marketing Group at Allonby estimated that thecompany would sell 60,210 cases of the FlavorPak version and 36,126 cases of the Gourmet version. The actual results for the yearshowed that 56,910 cases of the FlavorPak version and 37,940 cases of the Gourmet version were sold. Total revenues generated bysales of both versions amounted to $2,007,950 with $1,072,400 coming from the Gourmet version sales.Required:a. Compute the sales activity variance for the year.b. Compute the mix and quantity variances for the year.Complete this question by entering your answers in the tabs below.Required A Required BCompute the mix and quantity variances for the year.Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" forunfavorable. If there is no effect, do not select either option.Mix varianceQuantity variance< Required ARequired B

Hi student Since there are multiple questions, we will answer only first question. Sales activity…

Exercise 17-31 (Algo) Sales Mix and Quantity Variances (LO 17-4) Allonby Foods processes frozen meals for sale in grocery and other retail outlets. Two versions are produced: The FlavorPak has a budgeted price of $16 per case and a standard variable cost of $9 per case. The Gourmet version has a budgeted price per case and a standard variable cost of $18 per case. At the beginning of the year, the Marketing Group at Allonby estimated company would sell 60,210 cases of the FlavorPak version and 36,126 cases of the Gourmet version. The actual results for the showed that 56,910 cases of the FlavorPak version and 37,940 cases of the Gourmet version were sold. Total revenues gener sales of both versions amounted to $2,007,950 with $1,072,400 coming from the Gourmet version sales. Required: a. Compute the sales activity variance for the year. b. Compute the mix and quantity variances for the year. Complete this question by entering your answers in the tabs below. Required A Required B Compute the sales activity variance for the year. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Activity variance Required A Required B >

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q