Margot’s Ice Cream operates several stores in a majormetropolitan city and its suburbs. Its...

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Accounting

Margot’s Ice Cream operates several stores in a majormetropolitan city and its suburbs. Its budget and operating datafor the current year follow:
Flavor Budgeted Data Actual Operating Results
Gallons Selling Price per Gallon Variable Costs per Gallon Gallons Selling Price per Gallon Variable Costs per Gallon
Vanilla 276,000 $ 1.55 $ 0.85 216,000 $ 1.40 $ 0.75
Chocolate 345,000 2.10 1.20 315,000 1.95 1.10
Strawberry 230,000 2.10 1.00 360,000 2.30 1.05
Anchovy 69,000 3.10 1.60 189,000 3.60 1.80
Required:
1. Compute these variances for the individual flavors and totalquantity sold. (Do not round intermediatecalculations.)
a b c
Flavor Sales Volume Variance (Number+ Favorable or Unfavorable) Sales Mix Variance(Number+ Favorable or Unfavorable) Sales Quantity Variance(Number+ Favorable or Unfavorable)
Vanila
Chocolate
Strawberry
Anchovy
Total

Answer & Explanation Solved by verified expert

3.8 Ratings (635 Votes)

Computation of variance individual flavoured and total guantitysold a b c Flavour Sales Volume variance number favourable or unfavourable Sales Mix variance number favourable or unfavourable Sales Quantity variance number favourable or unfavourable Vanila 42000 Unfavourable 75600 33600 Unfavourable Chocolate 27000 Unfavourable 81000 54000 Unfavourable strawberry 143000 Favourable 99000 44000 Unfavourable anchovy 180000 Favourable 162000 18000 Unfavourable Total 254000 Favourable 104400 149600 Unfavourable Notes 1 See Answer

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In: AccountingMargot’s Ice Cream operates several stores in a majormetropolitan city and its suburbs. Its budget...Margot’s Ice Cream operates several stores in a majormetropolitan city and its suburbs. Its budget and operating datafor the current year follow:FlavorBudgeted DataActual Operating ResultsGallonsSelling Price per GallonVariable Costs per GallonGallonsSelling Price per GallonVariable Costs per GallonVanilla276,000$1.55$0.85216,000$1.40$0.75Chocolate345,0002.101.20315,0001.951.10Strawberry230,0002.101.00360,0002.301.05Anchovy69,0003.101.60189,0003.601.80Required:1. Compute these variances for the individual flavors and totalquantity sold. (Do not round intermediatecalculations.)abcFlavorSales Volume Variance (Number+ Favorable or Unfavorable)Sales Mix Variance(Number+ Favorable or Unfavorable)Sales Quantity Variance(Number+ Favorable or Unfavorable)VanilaChocolateStrawberryAnchovyTotal

	a	b	c
Flavor	Sales Volume Variance (Number+ Favorable or Unfavorable)	Sales Mix Variance(Number+ Favorable or Unfavorable)	Sales Quantity Variance(Number+ Favorable or Unfavorable)
Vanila
Chocolate
Strawberry
Anchovy
Total