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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 | 354,000 | $ | 2.20 | $ | 1.50 | 294,000 | $ | 2.05 | $ | 1.40 | |||||||
Chocolate | 442,500 | 3.40 | 2.50 | 412,500 | 3.25 | 2.40 | |||||||||||
Strawberry | 295,000 | 2.75 | 1.65 | 425,000 | 2.95 | 1.70 | |||||||||||
Anchovy | 88,500 | 4.40 | 2.90 | 208,500 | 4.90 | 3.10 | |||||||||||
Required:
1. Compute these variances for the individual flavors and total quantity sold. (Do not round intermediate calculations.)
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