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: Static-budget total contribution margin Budgeted units to be sold of all glasses Budgeted contribution margin per unit of Plain Budgeted contribution margin per unit of Chic Total sales-quantity variance Actual sales-mix percentage of Plain $15,525 2,300 units $5 per unit $12 per unit $2,700 U 60% Required 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 individual- product and total sales-volume variances for June 2017. 3. Briefly describe the conclusions you can draw from the variances