Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer question correctly inputted answers are all incorrect Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and

image text in transcribed
answer question correctly inputted answers are all incorrect
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: Flavor Vanilla Chocolate Strawberry Anchovy Budgeted Data Belling Price Variable Costa Callons por Callon per allon 270.000 $ 1.50 $ 0.80 337,500 2.00 1.10 225,000 2.05 0.95 62,500 3.00 1.50 Actual Operating Results Selling Price Variable Costa Gallons per callon per Gallon 210,000 $ 1.35 $ 0.70 307,500 1.85 1.00 355,000 2.25 1.00 187,500 3.50 1.70 Required: 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 Sales Mix Variance Vanita $ $ $ Chocolate Sales Volume Variance 90,000 unfavorable 60,000 (Unfavorable 265,500 Favorable 360,000 Favorable 476.500 Favorable Sales Quantity Variance 72,000 Favorable 120 000 Favorable 82 000 Favorable 36,000 Favorable 310,000 Favorable 162,000 Unfavorable 180,000 Unfavorable 184,500 Favorable 324,000 Favorable 166.500 Favorable Strawberry Anchovy Total $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: Guadarshan S. Gill, Cosserat Graham, Leung Philomena, Coram Paul

5th Edition

0471340723, 978-0471340720

More Books

Students also viewed these Accounting questions

Question

2. In what ways can conflict be a positive force in the workplace?

Answered: 1 week ago

Question

Write down the different function and Process what we can automate?

Answered: 1 week ago