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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.
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