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Flowers Inc. own a nursery. During May, the following information was gathered: Roses Lilies Pansies nias Geraniums L 175 | 500 400 125 300 Budgeted
Flowers Inc. own a nursery. During May, the following information was gathered: Roses Lilies Pansies nias Geraniums L 175 | 500 400 125 300 Budgeted units sold Budgeted selling price Budgeted variable cost $40 $18 $5 $2 $30 $18 $11 $5 $20 $10 200 400 250 350 Actual units sold Actual selling price Actual variable cost $8 $3 $25 $15 $12 $4 140 $45 $25 $28 $11 Actual market size was 6,700, whereas budgeted market share was 15%. REQUIRED: Compute the total, sales price, variable cost, flexible-budget, sales-volume, sales-mix, sales-quantity, market-share, and market-size variances. Be sure to indicate whether each is favorable or unfavorable
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