Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As the bakery manager at the local grocery store, Donald monitored the mix of products most popular with consumers. Just two years earlier, this store

As the bakery manager at the local grocery store, Donald monitored the mix of products most popular with consumers.
Just two years earlier, this store sold eight loaves of bread for each package of buns sold. Today, the ratio is closer to six
to one, bread to buns. Donald isn't sure why tastes or buying behavior have changed, but it's significant, so his
purchasing behavior has changed accordingly.
For the year just ended, the bakery department budgeted for sales of 10,200 loaves of bread and 1,800 packages of
buns. Actual sales were 9,900 loaves of bread and 1,100 packages of buns. Budgeted selling price and variable cost per
unit for each were as follows.
This year, the bread actually sold for $2.07 per loaf, while the package of buns sold for $2.92.
(a1)
(b1)
Determine the sales mix and sales quantity variances for the bakery this period, specifying the amount and sign for
each. (Round answers to 2 decimal places, e.g.15.25.)
Sales mix variance
$
Sales quantity variance $
image text in transcribed

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

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

4th Edition

0471072419, 978-0471072416

More Books

Students also viewed these Accounting questions