Flowers Inc. own a nursery. During May, the following information was gathered: Roses Lilies Geraniums Budgeted...
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Flowers Inc. own a nursery. During May, the following information was gathered: Roses Lilies Geraniums Budgeted units sold 475 725 520 Actual units sold 540 770 550 Budgeted selling price $31 $23 $21 Actual selling price $36 $27 $30 Budgeted variable cost $12 $10 $11 Actual variable cost $11 $14 $15 Actual market size was 7,440, whereas budgeted market share was 20%. REQUIRED: Compute the total, flexible-budget, sales price, variable cost, sales-volume, sales-mix, sales-quantity, market-share, and market-size variances. Be sure to indicate whether each is favorable or unfavorable! Flowers Inc. own a nursery. During May, the following information was gathered: Roses Lilies Geraniums Budgeted units sold 475 725 520 Actual units sold 540 770 550 Budgeted selling price $31 $23 $21 Actual selling price $36 $27 $30 Budgeted variable cost $12 $10 $11 Actual variable cost $11 $14 $15 Actual market size was 7,440, whereas budgeted market share was 20%. REQUIRED: Compute the total, flexible-budget, sales price, variable cost, sales-volume, sales-mix, sales-quantity, market-share, and market-size variances. Be sure to indicate whether each is favorable or unfavorable!
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