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Margots Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current year follow: Flavor
Margots Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current year follow:
Flavor | Budgeted Data | Actual Operating Results | |||||||||||||||
Gallons | Selling Price per Gallon | Variable Costs per Gallon | Gallons | Selling Price per Gallon | Variable Costs per Gallon | ||||||||||||
Vanilla | 276,000 | $ | 1.55 | $ | 0.85 | 216,000 | $ | 1.40 | $ | 0.75 | |||||||
Chocolate | 345,000 | 2.10 | 1.20 | 315,000 | 1.95 | 1.10 | |||||||||||
Strawberry | 230,000 | 2.10 | 1.00 | 360,000 | 2.30 | 1.05 | |||||||||||
Anchovy | 69,000 | 3.10 | 1.60 | 189,000 | 3.60 | 1.80 | |||||||||||
Required:
1. Compute these variances for the individual flavors and total quantity sold. (Do not round intermediate calculations.) (PLEASE FOLLOW THE FOLLOWING FORMAT)
Required: 1. Compute these variances for the individual flavors and total quantity soldi. (Do not round intermediate calculations Sales Volume Variance Sales Mix Variance Vanila Strawberry Anchovy Total
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