Question: Just need help with b and c. Thank you. Saved Problem 17-44 (Static) Sales Mix and Quantity Variances (LO 17-4) Lake Cellars produces and sells
Saved Problem 17-44 (Static) Sales Mix and Quantity Variances (LO 17-4) 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 as follows. es Total Budgeted selling price Budgeted variable cost Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity Sauvignon Blanc $ 9.00 $ 6.00 20,000 $ 9.25 $ 6.15 22,000 Chardonnay Riesling $ 10.00 $ 7.00 $ 7.50 $ 5.00 8,000 12,000 $ 9.80 $ 7.10 $ 7.60 $ 4.90 8,500 11,500 40,000 eBook 42,000 Print 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. ferences Complete this question by entering your answers in the tabs below. Req A Req B and C b. Compute the activity variance for Lake Cellars for August C. Compute the mix and quantity variances for Lake Cellars for August (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Show less b. Activity variance c. Mix variance Quantity variance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
