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Elsworth Inc. manufactures and sells two fruit drinks: Kostor and Limba. Budgeted and actual results for 2017 are as follows: (Click the icon to view
Elsworth Inc. manufactures and sells two fruit drinks: Kostor and Limba. Budgeted and actual results for 2017 are as follows: (Click the icon to view the budgeted and actual results.) Read the requirements Requirement 1. Compute the total sales volume variance, the total sales-mix variance, and the total sales-quantity variance (Calculate all variances in terms of contribution margin.) Show results for each product in your computations, Begin by completing the following table to determine the budgeted contribution margin per unit, sales mix and contribution margin. (Enter all dollar values to the nearest cent and sales mix as whole percentages.) Budget for 2017 Contribution Margin per Unit Sales Volume in Units Sales Mix (Based on Units) Contribution Margin Kostor % Limba % Total % Data Table Requirements Budget for 2017 Actual for 2017 Selling Variable Cost Cartons Selling Variable Cost Cartons Product Price per Carton Sold Price per Carton Sold Kostor $15.00 S 10.50 147.000 S 15.45 S 11.15 151,200 Limba $ 16.00 S 63,000 S 17.30 S 8.45 37.800 Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. What inferences can you draw from the variances computed in requirement 1? 2. Print Dane Print Done
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