Flavor Vanilla Chocolate Strawberry Anchovy Required: Selling Variable Selling Price per Costs per Price per Variable Costs per Gallons Gallon Gallon Gallons Gallon Gallon 288,000 $1.65 $ 0.95 228,000 $ 1.50 $ 0.85 360,000 2.30 1.40 330,000 2.15 1.30 240,000 2.20 1.10 370,000 2.40 1.15 72,000 3.30 1.80 192,000 3.80 2.00 1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round intermediate calculations.) Flavor Vanilla Chocolate Strawberry Anchovy Total Sales Volume Variance Sales Mix Variance Sales Quantity Variance

Flavor Vanilla Chocolate Strawberry Anchovy Required: Selling Variable Selling Price per Costs per Price per Variable Costs per Gallons Gallon Gallon Gallons Gallon Gallon 288,000 $1.65 $ 0.95 228,000 $ 1.50 $ 0.85 360,000 2.30 1.40 330,000 2.15 1.30 240,000 2.20 1.10 370,000 2.40 1.15 72,000 3.30 1.80 192,000 3.80 2.00 1. Compute these variances for the individual flavors and total quantity sold. (Use the Contribution Margin in your calculations and do not round intermediate calculations.) Flavor Vanilla Chocolate Strawberry Anchovy Total Sales Volume Variance Sales Mix Variance Sales Quantity Variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expense (per unit) Fixed selling and administrative expense (per year) Interest expense for the year Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement Check my work
Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expense (per unit) Fixed selling and administrative expense (per year) Interest expense for the year 680 $ 2,060 $ 1,680 $50 $ 200,000 $22,000 Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement < Prev 9 of 9 Next ........
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