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Category > Business & Finance Posted 14 Jun 2017 My Price 10.00

Sales Mix and Quantity Variances

Sales Mix and Quantity Variances

Mattie’s Vineyards is a producer and wholesaler of three varieties of white wine. Sales data for November are given below:

 

Sauvignon

 

 

 

 

Blanc

Chardonnay

Riesling

Total

Budgeted selling price

$7.00

$8.25

$6.75

 

Budgeted variable cost

$5.00

$6.00

$4.75

 

Budgeted selling quantity

10,400

3,900

11,700

26,000

Actual selling price

$7.25

$8.10

$7.10

 

Actual variable cost

$5.10

$6.10

$5.10

 

Actual selling quantity

8,000

6,000

11,000

25,000

Required

a. Compute the sales price variance for all three wines.

b. Compute the activity variance for Mattie’s Vineyards for the year.

c. Compute the mix and quantity variances for Mattie’s Vineyards for the year.

 
 

 

Answers

Alpha Geek
(8)
Status NEW Posted 14 Jun 2017 08:06 AM My Price 10.00

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Attachments

file 1497429471-691402_1_636329531125066863_MATTIE-VINEYARDS-14-JUNE-2017.xlsx preview (256 words )
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