Question: Variance analysis, multiple products. Soda-King manufactures and sells three soft drinks: Kola, Limor, and Orlem. Budgeted and actual results for 2011 are as follows: Required1.

Variance analysis, multiple products. Soda-King manufactures and sells three soft drinks: Kola, Limor, and Orlem. Budgeted and actual results for 2011 are as follows:

Required1. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations.2. What inferences can you draw from the variances computed in requirement1?

Budget for 2011 Variable Cost per Carton Actual for 2011 Variable Cost per Carton $5.50 $3.75 $5.60 Selling Price Cartons Sold 480,000 Selling Price Cartons Product Sold 467,500 852,500 1,430,000 Kola Limor $5.00 $8.00 $8.20 $5.75 $6.00 $7.50 $3.80 1,200,000 $7.80 Orlem $5.50

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