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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 246,000 307,500 205,000 61,500 Budgeted Data Selling Variable Price per Costs per Gallon Gallon $ 1.30 $ 0.60 1.60 0.70 1.85 0.75 2.60 1.10 Actual Operating Results Selling Variable Price per Costs per Gallons Gallon Gallon 186,000 $ 1.15 $ 0.50 277,500 1.45 0.60 335,000 2.05 0.80 181,500 3.10 1.30 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 Sales Volume Variance Sales Mix Variance Sales Quantity Variance Vanilla Chocolate Strawberry Anchovy Total
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