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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: Flavor
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: Flavor Vanilla Chocolate Strawberry Anchovy Gallons 240,000 300,000 200,000 60,000 Budgeted Data Selling Variable Price per costs per Gallon Gallon $1.25 $0.55 1.50 0.60 1.80 0.70 2.50 1.00 Actual Operating Results Selling Variable Price per Costs per Gallons Gallon Gallon 180,000 $1.10 $0.45 270,000 1.35 0.50 330,000 2.00 0.75 180,000 3.00 1.20 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.) a. a b. c. . Flavor Sales Volume Variance Sales Mix Variance Sales Quantity Variance Vanilla Chocolate Strawberry Anchovy Total
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