Compute these variances for the individual flavors

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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

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