The company produces and sells white wine. The following data concern the three varieties of white wine the company currently offers. Sales data for August are given as follows. Sauvignon Blanc Budgeted selling price Budgeted variable cost Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity $ $ $ $ 10.46 7.65 19,500 10.55 7.25 20,700 Chardonnay Required: a. Compute the sales price variance for all three wines. b. Compute the activity variance for the company for August. c. Compute the mix and quantity variances for the company for August. Riesling Total $ $ $ $ 11.71 9.20 7,700 6.55 9.05 7,800 $ 8.41 $ 6.00 12,300 Ś 8.55 $ 6.50 12,200 39,500 40,700

The company produces and sells white wine. The following data concern the three varieties of white wine the company currently offers. Sales data for August are given as follows. Sauvignon Blanc Budgeted selling price Budgeted variable cost Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity $ $ $ $ 10.46 7.65 19,500 10.55 7.25 20,700 Chardonnay Required: a. Compute the sales price variance for all three wines. b. Compute the activity variance for the company for August. c. Compute the mix and quantity variances for the company for August. Riesling Total $ $ $ $ 11.71 9.20 7,700 6.55 9.05 7,800 $ 8.41 $ 6.00 12,300 Ś 8.55 $ 6.50 12,200 39,500 40,700

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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