A young person wants to earn some extra cash over the summer by selling lemonade.

She predicts that she can sell 250 cold glasses of lemonade at a price of $2.00 per glass. Direct materials for each glass is one lemonade mix, water and a plastic cup. Total cost per unit $.75. The fixed costs of this venture are $50 for the rental of a table and chair from her parents.

During the summer she sold 300 glasses of cold lemonade. Fixed costs were higher at $70 due to the purchase of a second chair. Variable costs rose due to higher demand, and lower supply, of lemonade mix. At the end of the summer she reported the following actual results at her first show and tell at school:

Actual Financial Results
Sales	$600
Total Variable Costs	$275
Total Fixed Costs	$70

Complete a variance analysis of the Lemonade Stand. Did the stand achieve its predicted net pre-tax profit margin? Why or Why not? Given your variance analysis what factors contributed to the stand achieving or not achieving its financial targets?