- VARIANCE ANALYSIS (35 marks) Poutine Forever operates a chain of restaurants based in Montreal. Poutine Forever attains a 25% market share based on total sales of the Montreal market for poutines. The Montreal market is expected to be 10,000 kg of poutine. The actual total Montreal market was 5,000 kg of poutine sold. Budgeted and operational data for its three restaurants for March 2011 are as follow: Budgeted data for March 2011 Selling Price Variable cost Sales Total price per per serving per serving of Quantity DM kg of of 250 g. in kg quantity DM Classic Poutine $4.5 $2.5 1,125 3,000 kg $1 Steak Poutine 5.0 2.7 625 Italian Poutine 5.5 2.9 250 Stuffed Poutine 6.0 3.0 125 Poutine 6.5 3.4 375 Bourguignonne 250 g. price per 250 g. in kg Actual data for March 2011 Selling Price Variable cost Sales per serving per serving of Quantity of 250 g. Classic Poutine $4.5 $2.6 1.425 Steak Poutine 5.2 2.9 450 Italian Poutine 5.5 2.8 240 Stuffed Poutine 6.0 3.4 330 Poutine 7.0 4.0 540 Bourguignonne Total kg of quantity DM 3,500 kg $1.2 Requirement: compute all possible variances and comment your results for each variance (35 marks). If you have time, check that the variances add up correctly (+2 bonus marks). - VARIANCE ANALYSIS (35 marks) Poutine Forever operates a chain of restaurants based in Montreal. Poutine Forever attains a 25% market share based on total sales of the Montreal market for poutines. The Montreal market is expected to be 10,000 kg of poutine. The actual total Montreal market was 5,000 kg of poutine sold. Budgeted and operational data for its three restaurants for March 2011 are as follow: Budgeted data for March 2011 Selling Price Variable cost Sales Total price per per serving per serving of Quantity DM kg of of 250 g. in kg quantity DM Classic Poutine $4.5 $2.5 1,125 3,000 kg $1 Steak Poutine 5.0 2.7 625 Italian Poutine 5.5 2.9 250 Stuffed Poutine 6.0 3.0 125 Poutine 6.5 3.4 375 Bourguignonne 250 g. price per 250 g. in kg Actual data for March 2011 Selling Price Variable cost Sales per serving per serving of Quantity of 250 g. Classic Poutine $4.5 $2.6 1.425 Steak Poutine 5.2 2.9 450 Italian Poutine 5.5 2.8 240 Stuffed Poutine 6.0 3.4 330 Poutine 7.0 4.0 540 Bourguignonne Total kg of quantity DM 3,500 kg $1.2 Requirement: compute all possible variances and comment your results for each variance (35 marks). If you have time, check that the variances add up correctly (+2 bonus marks)