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help Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current year follow
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Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current year follow Drice per Flavor Vanilla Chocolate Strawberry Anchovy Budgeted Data Selling Variable Price per Costs per Gallons Gallon Gallon 324,000 $ 1.95 5 1.25 405,000 2.90 2.00 270,680 2.50 1.40 81,800 3.90 2.40 Actual Operating Results Selling Variable Costs per Gallons Gallon Gallon 264, pee $ 1.80 $1.15 375,000 2.75 1.90 400,000 2.70 1.45 201, eee 4.40 2.60 Required: 1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round Intermediate calculations.) Flavor Sales Volume Variance b. Sales Mix Variance Sales Quantity Variance Vani Chocolate Strawberry Anchovy Total Step by Step Solution
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