14-26 Variance analysis, working backward. The Hiro Corporation sells two brands of wine glasses: Plain and Chic. Hiro provides the following information for sales in the month of June 2017: All variances are computed in contribution-margin terms. 1. Calculate the sales-quantity variances for each product for June 2017. 2. Calculate the individual-product and total sales-mix variances for June 2017. Calculate the individualproduct and total sales-volume variances for June 2017. 3. Briefly describe the conclusions you can draw from the variances. 14-27 Variance analysis, multiple products. Emcee Inc. manufactures and sells two fruit drinks: Kostor and Limba. Budgeted and actual results for 2017 are as follows: 1. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. 2. What inferences can you draw from the variances computed in requirement 1