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