Mattie’s Vineyards is a produc

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
  Budgeted selling price $ 7.70 $ 8.60 $ 7.10
  Budgeted variable cost $ 5.70 $ 6.35 $ 5.10
  Budgeted selling quantity 14,600 units 5,475 units 16,425 units
  Actual selling price $ 7.95 $ 8.45 $ 7.45
  Actual variable cost $ 5.80 $ 6.45 $ 5.45
  Actual selling quantity 10,240 units 7,680 units 14,080 units

Required:

  1. Compute the mix variance for Mattie’s Vineyards for the year. 
  2. Compute the quanitity variance for Mattie’s Vineyards for the year.
  3. Compute the activity variance for Mattie’s Vineyards for the year.

 

I need help with all three parts.

Mattie’s Vineyards is a produc

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
  Budgeted selling price $ 7.70 $ 8.60 $ 7.10
  Budgeted variable cost $ 5.70 $ 6.35 $ 5.10
  Budgeted selling quantity 14,600 units 5,475 units 16,425 units
  Actual selling price $ 7.95 $ 8.45 $ 7.45
  Actual variable cost $ 5.80 $ 6.45 $ 5.45
  Actual selling quantity 10,240 units 7,680 units 14,080 units

Required:

  1. Compute the sales price variance for Sauvignon Blanc wine.
  2. Compute the sales price variance for Chardonnay wine.
  3. Compute the sales price variance for Riesling wine.
  4. Compute the mix variance for Mattie’s Vineyards for the year. 
  5. Compute the quanitity variance for Mattie’s Vineyards for the year.
  6. Compute the activity variance for Mattie’s Vineyards for the year.

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