Sales volume and mix variances (Appendix C). Tom and Lynda own Hercules Health Club. For August, Tom and Lynda budgeted for 700 individual memberships and 350 family memberships. Individual members...

Sales volume and mix variances (Appendix C). Tom and Lynda own Hercules Health Club. For August, Tom and Lynda budgeted for 700 individual memberships and 350 family memberships. Individual members pay $100 per month and families pay $150 per month. Variable costs are $35 and $60 per month, respectively, for individual and family memberships.

Actual results for August show 750 individual memberships and 250 family memberships.

Required:

a. What is Hercules’ sales volume variance for August?

b. What is Hercules’ sales mix variance for August?

c. What is Hercules’ sales quantity variance for August?