Soda-King manufactures and sells two soft drinks: Kola and Limor. Budgeted and actual results for 2020 are
Question:
Soda-King manufactures and sells two soft drinks: Kola and Limor. Budgeted and actual results for 2020 are as follows:
Required
1. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations.
2. What inferences can you draw from the variances computed in requirement 1?
Transcribed Image Text:
Product Kolo Limor Selling Price $10.00 $ 7.50 Budget for 2020 Variable Cost per Carton $5.50 $4.00 Cartons Sold 500,000 750,000 Selling Price $10.10 $ 7.75 Actual for 2020 Variable Cost per Carton $5.75 $3.70 Cartons Sold 504,300 725,700
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Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
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