Barb's Bakery Inc. operates a chain of cookie stores. Budgeted and actual operating data for its three Winnipeg stores for August 2018 are as follows: (Click the icon to view the budgeted contribution margin information.) (Click the icon to view the actual contribution margin information.) Actual contribution margin Budgeted contribution margin Actual for August 2018 Contribution Selling Price Variable Cost Margin per per kilogram per kilogram Kilogram $ 4.00 $ 3.00 $ 1.00 Budget for August 2018 Contribution Selling Price Variable Cost Margin per per Kilogram per Kilogram Kilogram Sales Volume in Kilograms 57,600 Sales Volume in Kilograms 53,000 Chocolate chip Chocolate chip $ 4.00 $ 2.90 $ 1.10 Oatmeal raisin 5.50 3.30 2.20 21,000 Oatmeal raisin 5.30 3.10 2.20 31,000 11,000 Coconut 5.50 3.10 2.40 9,700 Coconut 5.50 3.30 2.20 White chocolate 6.40 3.90 2.50 White chocolate 6.40 3.40 3.00 14,300 22,800 6,000 16,000 Macadamia nut 7.00 4.80 2.20 Macadamia nut 6.50 3.80 2.70 125,400 117,000 Print Done Done Print Done Requirement 1. Compute the total sales volume variance for August 2018. Determine the formula for sales-volume variance. Then compute the sales-volume variance for each type of cookie and in total for Barb's Bakery for August 2018. (Calculate all variances in terms of contribution margins.) Label each variance as favourable (F) or unfavourable (U). (Round your answers to the nearest whole dollar.) Sales-volume ) x variance Choc. chip ) x Oatmeal ( = Coconut ( x Wh, choc. ( x Mac. , ( x The total sales-volume variance is $ Requirement 2. Compute the total sales-mix variance for August 2018. Begin by determining the formula for the sales-mix variance. Then calculate the variance for each type of cookie and in total for August 2018. Label each variance as favourable (F) or unfavourable (U). (Enter percentages rounded to two decimal places, X.XX%. Round final answers to the nearest whole number.) Actual Budgeted Actual Budgeted Sales-mix % - X variance %) x % ) x Choc. chip % Oatmeal ( % - % ) X Coconut ( % - %) x Wh, choc. ( % - % ) , % - % ) x The total sales-mix variance is $ Requirement 3. Compute the total sales-quantity variance for August 2018. First determine the formula for the sales-quantity variance, and then calculate the variance for each type of cookie and in total for August 2018. Label each variance as favourable (F) or unfavourable (U). (Enter percentages rounded to two decimal places, X.XX%. Round variances to the nearest whole dollar.) Actual Budgeted Budgeted Budgeted Sales-quantity ) x % x variance Choc. chip ( % x Oatmeal ( ) % x Coconut ( % x Wh, choc ( ) X % x . ) X % X The total sales-quantity variance is $ Requirement 4. Comment on your results in requirements 1, 2, and 3. Barb's Bakery shows a(n) sales-quantity variance because it sold cookies in total than was budgeted. Barb's Bakery also sold of the
