Question: Compute the activity variance for lake cellars for august compute the mix and quantity variances for lake cellars for august 17-37. Sales Mix and Quantity

Compute the activity variance for lake cellars for august

compute the mix and quantity variances for lake cellars for august

Compute the activity variance for lake cellars for august compute the mix

17-37. Sales Mix and Quantity Variances Lake Cellars produces and sells white wine. The following data concern the three varietals of white wine the company currently offers. Sales data for August are given below Sauvignon Blanc Chardonnay Riesling Total Budgeted selling price $9.00 $10.00 $700 Budgeted variable cost. $6.00 $5.00 $750 8,000 Budgeted selling quantity. 20,000 12,000 0.000 $9.25 $710 $9.80 Actual selling price. $6.15 $760 Actual variable cost $4.90 11,500 42.000 Actual selling quantity 22,000 8,500 Required a. Compute the sales price variance for all three wines. b. Compute the activity variance for Lake Cellars for August. c. Compute the mix and quantity variances for Lake Cellars for August

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