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16 Mark to review this question at Teddy Bear Company sold a total of 30,000 stuffed toy tigers and lions in a given year. During
16 Mark to review this question at Teddy Bear Company sold a total of 30,000 stuffed toy tigers and lions in a given year. During August, the following information was gathered: Previous | Next Tigers Lions Actual selling price $7.50 $10.50 Budgeted selling price $5.50 $10.50 Actual sales mix 69% 31% Q Budgeted sales mix 75% 25% Actual variable costs $5.00 $6.50 Budgeted variable costs $4.75 $7.25 Budgeted unit sales 30.000 10.000 ONS Required: a. What is the Teddy Bear Company total sales-mix variance? (3 marks) b. What is the Teddy Bear Company total sales-quantity variance? (3 marks) c. What is the Teddy Bear Company total sales-volume variance? (3 marks) d. Provide one recommendation to Teddy Bear that may improve its variance results. (1 mark)
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