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COST MANAGEMENT: Margots Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current year

COST MANAGEMENT: Margots Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current year follow:

Flavor Budgeted Data Actual Operating Results
Gallons Selling Price per Gallon Variable Costs per Gallon Gallons Selling Price per Gallon Variable Costs per Gallon
Vanilla 312,000 $ 1.85 $ 1.15 252,000 $ 1.70 $ 1.05
Chocolate 390,000 2.70 1.80 360,000 2.55 1.70
Strawberry 260,000 2.40 1.30 390,000 2.60 1.35
Anchovy 78,000 3.70 2.20 198,000 4.20 2.40

Required:

1. Compute these variances for the individual flavors and total quantity sold. (Do not round intermediate calculations.) F/U as well.

a. b. c.
Flavor Sales Volume Variance Sales Mix Variance Sales Quantity Variance
Vanilla
Chocolate
Strawberry
Anchovy
Total

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