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The Flower Shop sells flowers. During June, the following information was gathered: Roses Petunias Gardenias Pansies Actual units sold 3,000 1,000 Actual selling price.... 4,000
The Flower Shop sells flowers. During June, the following information was gathered: Roses Petunias Gardenias Pansies Actual units sold 3,000 1,000 Actual selling price.... 4,000 $4.00 2,000 $5.00 $7.00 $9.00 $1.00 $2.00 $5.00 $6.00 5,000 3.000 2.000 Actual variable cost Budgeted units sold Budgeted selling price......... Budgeted variable cost ......... 1,000 $8.00 $5.00 $7.00 $4.00 $2.00 $3.00 $4.00 $5.00 Actual market size was 50,000, whereas budgeted market size was 88,000 REQUIRED: Compute the total, sales price, variable cost, flexible-budget, sales-volume, sales-mix, sales-quantity, market share, and market-size variances. Be sure to indicate whether each is favorable or unfavorable
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