Question
Wilde Vintners produces and sells wine. The following data concern the three varietals of white wine the company currently offers. Sales data for November
Wilde Vintners produces and sells wine. The following data concern the three varietals of white wine the company currently offers. Sales data for November are given as follows: Budgeted selling price Budgeted variable cost Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity Sauvignon Blanc Chardonnay Riesling Total $25.00 $15.00 $11.00 $6.00 45,000 15,000 90,000 $23.90 $16.40 $12.50 $5.60 41,500 14,200 87,700 $21.00 $9.00 30,000 $21.50 $8.15 32,000 Required a. Compute the sales price variance for all three wines. b. Compute the sales activity variance for Wilde Vintners for November. c. Compute the mix and quantity variances for Wilde Vintners for November.
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