Compute these variances for the individual flavors

Reference no: EM132218288

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:

Flavor	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	354,000	$2.20	$1.50	294,000	$2.05	$1.40
Chocolate	442,500	3.40	2.50	412,500	3.25	2.40
Strawberry	295,000	2.75	1.65	425,000	2.95	1.70
Anchovy	88,500	4.40	2.90	208,500	4.90	3.10

Required: Compute these variances for the individual flavors and total quantity sold.

Reference no: EM132218288

Questions Cloud

What is the company cost of equity capital : The company's weighted average cost of capital is 11 percent, and its pretax cost of debt is 5 percent. The corporate tax rate is 30 percent.

Analysis affect risk management strategies : How does your analysis affect the risk management strategies that Kilgore might choose to utilize?

What is the level monthly repayment : What is the level monthly repayment if you want to clear the debt in 10 years.

Answer the question in essay form : Tech Temps has an issue of preferred stock outstanding that pays stockholders a dividend equal to $10 each year. If the appropriate required rate of return

Compute these variances for the individual flavors : Margot's Ice Cream operates several stores in a major metropolitan city and its suburbs. Compute these variances for individual flavors and total quantity sold

Preferred stock outstanding that pays stockholders : Tech Temps has an issue of preferred stock outstanding that pays stockholders a dividend equal to $10 each year. If the appropriate required rate of return

Gray marketing is diverting imported products meant : Gray Marketing’ is diverting imported products meant for one market at lower prices and reselling them at higher profits in other markets.

Enter the ticker symbols for ford : Website and enter the ticker symbols for Ford (F), Google (GOOG), and WalMart (WMT). What are their current values of (a) stock price; (b) annual dividend; (c)

Swimming in the virtual community pool with plenty offish : These questions are based on the case "Swimming in the Virtual Community Pool With Plenty offish".

User Account

All Pages