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11. Oasis manufactures and sells two soft drinks: lemonade and apple juice. Budgeted and actual results for 2020 are as follows: Budget for 2020
11. Oasis manufactures and sells two soft drinks: lemonade and apple juice. Budgeted and actual results for 2020 are as follows: Budget for 2020 Actual for 2020 Product lemonade Selling Price Variable Cost Cartons Selling Variable Cost Cartons per Carton Sold Price per Carton Sold $15.00 Apple juice $8.00 $10.00 $5.00 50,000 75,000 $14.50 $9.00 51,000 $9.00 $4.50 72,500 Oasis prepared the budget for 2020 assuming a 10% market share based on total sales in the western region of Australia and the actual market share was 10.29%. The total soft drinks market was estimated to reach sales of 1 million cartons in the region. However, actual total sales volume in the western region was 1.2 million cartons. ((10) (1) Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) : ex:() $8,000(F) Total sales-volume variance: Total sales-mix variance: Total sales-quantity variance: 3 (6) ()
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