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Sales Mix Variance Iliff, Inc., produces and sells two types of countertop ovens-the toaster oven and the convection oven. Budgeted and actual data for
Sales Mix Variance Iliff, Inc., produces and sells two types of countertop ovens-the toaster oven and the convection oven. Budgeted and actual data for the two models are shown below. Budgeted Amounts: Sales: Toaster Oven Convection Oven Total ($90 x 25,000) $2,250,000 ($150 15,000) $2,250,000 $4,500,000 Variable expenses 500,000 750,000 1,250,000 Contribution margin $1,750,000 $1,500,000 $3,250,000 Actual Amounts: Toaster Oven Convection Oven Total Sales: ($88 x 25,800) $2,270,400 ($160 x 14,000) $2,240,000 $4,510,400 Variable expenses 541,800 742,000 1,283,800 Contribution margin $1,728,600 $1,498,000 $3,226,600 Required: 1. Calculate the sales mix variance. Unfavorable
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