Question: Return to question Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current

 Return to question Margot's Ice Cream operates several stores in a
major metropolitan city and its suburbs. Its budget and operating data for

Return to question Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for the current year follow: Actual Operating Results Selling Price Variable costs Tlavor Vanilla Chocolate Strawberry Anchovy Budgeted Data Selling Price Variable costs Gallons per Gallon per Gallon 270.000 $ 1.50 $ 0.80 337,500 2.00 1.10 225,000 2.05 0.95 67,500 3.00 1.50 Gallons 210,000 307,500 355,000 187,500 per Gallon $ 1.35 1.85 2.25 3.50 per Gallon $ 0.70 1.00 1.00 1.70 Required: 1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round intermediate calculations.) Answer is complete but not entirely correct. Flavor Sales Volume Varience Sales Mix Variance Vanilla 90.000 Unfavorable $ 162,000 Unfavorable Sales Quantity Variance 72.000 Favorabo S Return to question Anchovy 67,500 3.00 1.50 187,500 3.50 1.70 Required: 1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round Intermediate calculations.) Answer is complete but not entirely correct. Flavor Sales Quantity Variance 72.000 Favorable Vanilla $ $ 120,000 Favorable Chocolate Strawberry Anchovy Total Sales Volume Variance 90,000 Unfavorable 60,000 Unfavorable 266,500 X Favorable 380,000 Favorable 476,500 Favorable Sales Mix Variance $ 162,000 Unfavorable 180,000 Unfavorable 184,500 Favorable 324,000 Favorable $ 166,500 Favorable OOO 82,000 Favorable 36,000 Favorable 310,000 Favorable OOOOO $ $

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