Question: Problem 1 6 - 5 2 ( Algo ) Sales Volume, Sales Quantity, and Sales Mix Variances [ LO 1 6 - 3 ] Margot's

 Problem 16-52(Algo) Sales Volume, Sales Quantity, and Sales Mix Variances [LO

Problem 16-52(Algo) Sales Volume, Sales Quantity, and Sales Mix Variances [LO 16-3]
Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Its buidget and operating data for the current year follow:
\table[[,Budgeted Data,Actual,Operating Results],[,,Selling,Variable,Selling,Variable],[Price per,Costs per,,Price per,Costs per,,,],[Flavor,Gallons,Gallon,Gallon,Gallons,Gallon,Gallon,],[Vanilla,336,000,$2.05,$1.35,276,000,$1.90,$1.25,],[Chocolate,420,000,3.10,2.20,390,000,2.95,2.10,],[Strawberry,280,000,2.60,1.50,410,000,2.80,1.55,],[Anchovy,84,000,4.10,2.60,204,000,4.60,2.80,]]
Required:
Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round intermediate calculations.)
\table[[,a.,b.,c.],[Sales Volume Variance],[Vanilla],[Chocolate,,,}],[Strawberry],[Anchovy],[Total,.,,]]
16-3] Margot's Ice Cream operates several stores in a major metropolitan city

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