15-25 Sales-mix and sales-quantity variances Lofty Bread Led is a baking company that operates in Thailand. The company produces two types of bread-a Mill loaf and a mini loaf. A full loaf is 8 inches long and a mini loaf is 3 inches long. Each full loaf is sold for $50 and each mini lour is sold for B30. Lofty's budget and actual figures for the last year were as follows: Budget Actual Number of valets: Full loals 3.600 4.000 Mini loals 2.000 3,980 Revenue B240,000 B319,400 Variable costs: Wages 8114 000 B122.000 Baking materials B6,200 B 12,400 Utilities B6.520 89,200 B126,720 $143.600 B175,800 Contribution B113,280 Fixed costs: B36,800 Rent and rates 836,800 B 76,480 B139.00 Operating income Note: The currency of Thailand is the Thai Baht and the currency symbolis B 51 Note: The currency of Thailand is the Thai Baht and the currency symbol is The budgeted contribution to sales ratios for the two types of valet are 44.6% for full loafs and 55% for mini loafs Using the data provided for full valets and mini toals, compute: Required 1. The total sales-mix contribution variance. 2. The total sales-quantity contribution variance, 3. Briefly differentiate between sales-mix and sales-quantity variances, Him wides the followine information for