14-40 Variance analysis, multiple products. The Robin's Basket operates a chain of Italian gelato stores. Although...

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14-40 Variance analysis, multiple products. The Robin's Basket operates a chain of Italian gelato stores. Although the Robin's Basket charges customers the same price for all flavors, production costs vary, de- pending on the type of ingredients. Budgeted and actual operating data of its Washington, D.C., store for August 2017 are as follows: per Pint $4.80 Budget for August 2017 Selling Price per Pint Variable Cost Mint chocolate chip $9.00 Vanilla 9.00 3.20 Rum raisin 9.00 5.00 Contribution Margin per Pints $4.20 Sales Volume in Pints 35,000 45,000 TTTT 5.80 4.00 20,000 100,000 Actual for August 2017 Selling Price Variable Cost per Pint per Pound Mint chocolate chip $9.00 $4.60 Vanilla 9.00 3.25 Rum raisin 9.00 5.15 Contribution Margin per Pound Sales Volume in Pounds $4.40 33,750 5.75 56,250 3.85 22,500 112,500 The Robin's Basket focuses on contribution margin in its variance analysis. 1. Compute the total sales-volume variance for August 2017. 2. Compute the total sales-mix variance for August 2017. 3. Compute the total sales-quantity variance for August 2017. 4. Comment on your results in requirements 1, 2, and 3. 14-40 Variance analysis, multiple products. The Robin's Basket operates a chain of Italian gelato stores. Although the Robin's Basket charges customers the same price for all flavors, production costs vary, de- pending on the type of ingredients. Budgeted and actual operating data of its Washington, D.C., store for August 2017 are as follows: per Pint $4.80 Budget for August 2017 Selling Price per Pint Variable Cost Mint chocolate chip $9.00 Vanilla 9.00 3.20 Rum raisin 9.00 5.00 Contribution Margin per Pints $4.20 Sales Volume in Pints 35,000 45,000 TTTT 5.80 4.00 20,000 100,000 Actual for August 2017 Selling Price Variable Cost per Pint per Pound Mint chocolate chip $9.00 $4.60 Vanilla 9.00 3.25 Rum raisin 9.00 5.15 Contribution Margin per Pound Sales Volume in Pounds $4.40 33,750 5.75 56,250 3.85 22,500 112,500 The Robin's Basket focuses on contribution margin in its variance analysis. 1. Compute the total sales-volume variance for August 2017. 2. Compute the total sales-mix variance for August 2017. 3. Compute the total sales-quantity variance for August 2017. 4. Comment on your results in requirements 1, 2, and 3.