Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chow - 4 - Hounds ( C 4 H ) makes pet food for sale in supermarkets. C 4 H produces two general types: Branded
ChowHounds CH makes pet food for sale in supermarkets. CH produces two general types: Branded and Generic. The two differ primarily in the ingredients used. At budget, Branded sells for $ per case and has a variable cost to produce of $ per case. Generic sells for a budgeted $ per case and has a budgeted variable cost to produce of $ per case. CH expects to sell percent Branded and percent Generic regardless of the sales volume. CH budgeted total sales of cases for March. Actual case volume sold in March was cases, of which were Branded. Total actual revenues in March were $ of which $ were from sales of Branded cases.
Required:
a Compute the activity variance for CH for March.
b Compute the mix and quantity variances for March.
The Activity variance is $ But I can not get the right answer for the Mix variance and Quantity variance. Can you help?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started