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1) Teddy Bear company sold a total of 30,000 stuffed tigers and lions. During August the following...

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Accounting

1)

Teddy Bear company sold a total of 30,000 stuffed tigers andlions. During August the following information

Tigers Lions

Actual Sell price 7.50 10.50

Budget Sell Price 5.50 10.50

Actual Sales Mix 69% 31%

Budget Sale Mix 75% 25%

Actual Variable costs 5.00 6.50

Budget Variable Cost 4.75 7.25

Budget unit sales 30,00 10,000

What is the total Sales mix Variance?

a) 21,600 favourable

b) 13,750 favourable

c) 4,500 favourable

d) 13,750 unfavourable

e) 4,500 unfavourable

2)

Teddy Bear company sold a total of 30,000 stuffed tigers andlions. During August the following information

Tigers Lions

Actual Sell price 7.50 10.50

Budget Sell Price 5.50 10.50

Actual Sales Mix 69% 31%

Budget Sale Mix 75% 25%

Actual Variable costs 5.00 6.50

Budget Variable Cost 4.75 7.25

Budget unit sales 30,00 10,000

What is the total sales quantity variance?

a) 21,600 favourable

b) 13,750 favourable

c) 4,500 favourable

d) 13,750 unfavourable

e) 4,500 unfavourable

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