10-74 Sales variance analysis Bakery Extraordinaire sells several types of muffins and scones and also sells carrot bread loaves. Planned prices and sales quantities for February are shown here:

(a) Compute the sales mix variance for each product line and explain the meaning of each variance you computed.

(b) Compute the sales quantity variance for each product line and explain the meaning of each variance you computed.

(c) Compute the sales price variance for each product line and explain the meaning of each variance you computed. (Atkinson 455)