Flavor Vanilla Chocolate Strawberry Anchovy Required: Selling Variable Selling Price per Costs per Price per Variable Costs per Gallons Gallon Gallon Gallons Gallon Gallon 288,000 $1.65 $ 0.95 228,000 $ 1.50 $ 0.85 360,000 2.30 1.40 330,000 2.15 1.30 240,000 2.20 1.10 370,000 2.40 1.15 72,000 3.30 1.80 192,000 3.80 2.00 1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round intermediate calculations.) Flavor Vanilla Chocolate Strawberry Anchovy Total Sales Volume Variance Sales Mix Variance Sales Quantity Variance
Flavor Vanilla Chocolate Strawberry Anchovy Required: Selling Variable Selling Price per Costs per Price per Variable Costs per Gallons Gallon Gallon Gallons Gallon Gallon 288,000 $1.65 $ 0.95 228,000 $ 1.50 $ 0.85 360,000 2.30 1.40 330,000 2.15 1.30 240,000 2.20 1.10 370,000 2.40 1.15 72,000 3.30 1.80 192,000 3.80 2.00 1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round intermediate calculations.) Flavor Vanilla Chocolate Strawberry Anchovy Total Sales Volume Variance Sales Mix Variance Sales Quantity Variance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current
year follow:
Budgeted Data
Actual Operating Results
Flavor
Vanilla
Chocolate
Strawberry
Anchovy
Required:
Gallons
Selling
Price per
Gallon
Variable
Costs per
Selling
Price per
Variable
Costs per
Gallon
Gallons
Gallon
Gallon
288,000
$ 1.65
$ 0.95
228,000
$ 1.50
$ 0.85
360,000
2.30
1.40
330,000
2.15
1.30
240,000
2.20
1.10
72,000
3.30
1.80
370,000
192,000
2.40
1.15
3.88
2.00
1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do
not round intermediate calculations.)
Flavor
Vanilla
Sales Volume Variance
Sales Mix Variance
Sales Quantity Variance
Chocolate
Strawberry
Anchovy
Total
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