Sales Volume, Sales Quantity, and Sales Mix Variances Classic Ice Cream operates several stores in a major metropolitan city and its suburbs. Its budget and operating data for 2010 follow:
| Budgeted Data | Actual Operating Results | ||||
Flavor | Gallons | Selling Price per Gallon | Variable Costs per Gallon | Gallons | Selling Price per Gallon | Variable Costs per Gallon |
Vanilla | 250,000 | $1.20 | $0.50 | 180,000 | $1.00 | $0.45 |
Chocolate | 300,000 | 1.50 | 0.60 | 270,000 | 1 .35 | 0.50 |
Strawberry | 200,000 | 1.80 | 0.70 | 330,000 | 2.00 | 0.75 |
Anchovy | 50,000 | 2.50 | 1.00 | 180,000 | 3.00 | 1.20 |
Required
1. Compute these variances for the individual flavors and total sold:
a. Sales volume.
b. Sales mix. Extend mix calculation to five decimal places.
c. Sales quantity.
2. Assess sales in of 2010 based on your analyses.
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