Please do not give solution in image format thanku Wilde Vintners produces and sells wine. The following data concern the three varietals ofwhite wine the company currently offers. Sales data for November are given as follows:Budgeted selling priceBudgeted variable costBudgeted selling quantityActual selling priceActual variable costActual selling quantitySauvignon Blanc.$ 21.00$9.0030,000$21.50$ 8.1532,000Req AChardonnay$25.00$ 11.0045,000$ 23.90$12.5041,500Req B and CRiesling$15.00Compute the sales price variance for all three wines.$ 6.0015,000$ 16.40$5.6014,200Required:a. Compute the sales price variance for all three wines.b. Compute the sales activity va iance for Wilde Vintners for November.c. Compute the mix and quantity variances for Wilde Vintners for November.ProvComplete this question by entering your answers in the tabs below.Total6 of 890,000‒‒‒87,700Next c. Compute the mix and quantity variances for Wilde Vintners for November.Complete this question by entering your answers in the tabs below.Req ACompute the sales price variance for all three wines.Note: 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.VarietySauvignon BlancChardonnayRieslingTotal varianceReq B and CReq AComplete this question by entering your answers in the tabs below.Req B and CPrice VarianceShow less Ab. Activity variancec. Mix variancec. Quantity varianceb. Compute the sales activity variance for Wilde Vintners for November.c. Compute the mix and quantity variances for Wilde Vintners for November.Note: Do not round intermediate calculations. Indicate the effect of eachvariance by selecting "F" for favorable, or "U" for unfavorable. If there is noeffect, do not select either option.Show less A

1. Assess the performance of a company's sales function. 2. Used in variance analysis and can…

Wilde Vintners produces and sells wine. The following data concern the three varietals of white wine the company currently offers. Sales data for November are given as follows: Budgeted selling price Budgeted variable cost Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity Sauvignon Blanc $ 21.00 $9.00 30,000 $21.50 $8.15 32,000 Chardonnay $ 25.00 $ 11.00 45,000 $ 23.90 $ 12.50 41,500 Riesling $15.00 $ 6.00 15,000 $ 16.40 $5.60 14,200 Total 90,000 87,700 Required: a. Compute the sales price variance for all three wines. b. Compute the sales activity variance for Wilde Vintners for November. c. Compute the mix and quantity variances for Wilde Vintners for November.

Wilde Vintners produces and sells wine. The following data concern the three varietals of white wine the company currently offers. Sales data for November are given as follows: Budgeted selling price Budgeted variable cost Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity Sauvignon Blanc $ 21.00 $9.00 30,000 $21.50 $8.15 32,000 Chardonnay $ 25.00 $ 11.00 45,000 $ 23.90 $ 12.50 41,500 Riesling $15.00 $ 6.00 15,000 $ 16.40 $5.60 14,200 Total 90,000 87,700 Required: a. Compute the sales price variance for all three wines. b. Compute the sales activity variance for Wilde Vintners for November. c. Compute the mix and quantity variances for Wilde Vintners for November.

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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