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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 252,000 $ 1.35 $ 0.65 192,000 $ 1.20 $ 0.55
Chocolate 315,000 1.70 0.80 285,000 1.55 0.70
Strawberry 210,000 1.90 0.80 340,000 2.10 0.85
Anchovy 63,000 2.70 1.20 183,000 3.20 1.40

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. c.
Flavor Sales Volume Variance Sales Mix Variance Sales Quantity Variance
Vanilla
Chocolate
Strawberry
Anchovy
Total

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