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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:
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: Budgeted Data Selling Variable Price per Costs per Flavor Gallons Gallon Vanilla 312,000 $ 1.85 Gallon $ 1.15 Actual Operating Results Selling Variable Price per Costs per Gallons Gallon 252,000 $ 1.70 Gallon $ 1.05 Chocolate 390,000 2.70 1.80 Strawberry Anchovy 260,000 2.40 1.30 78,000 3.70 2.20 360,000 390,000 198,000 2.55 1.70 2.60 1.35 4.20 2.40 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 Vanilla Chocolate Strawberry Anchovy Total a. b. Sales Volume Variance Sales Mix Variance Sales Quantity Variance
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