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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: Budgeted
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 Actual Operating Results Selling Variable Selling Variable Price per costs per Price per Costs per Flavor Gallons Gallon Gallon Gallons Gallon Gallon Vanilla 264,000 $ 1.45 $ 0.75 204,000 $ 1.30 $ 0.65 Chocolate 330,000 1.90 1.00 300,000 1.75 0.90 Strawberry 220,000 2.00 9.90 350,000 2.20 0.95 Anchovy 66,000 2.90 1.40 186,000 3.40 1.60 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.) Sales Volume Variance b. Sales Mix Variance Sales Quantity Variance Flavor Vanilla Chocolate Strawberry Anchovy Total
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