15-38 Variance analysis, sales-mix, ancl sales-quantity variances. Space Infonautics, Inc., produces handheld Windows CEcompatible organizers. Space Infonautics markets three different handheld models: Mobile Pro is a soupedup version for the executive on the go, MobileCE is a consumeroriented version, and MobileKid is a strippeddown version for the young adult market. You are Space Infonautics' senior vice president of marketing. The CEO has discovered that the total contribution margin came in lower than budgeted, and it is your responsibility to explain to him why actual results are different from the bud get. Budgeted and actual operating data for the company's third quarter of 2020 are as follows: Budgeted Operating Data, Third Quarter 2020 Variable Cost Contribution Sales Volume in Selling Price per Unit Margin per Unit Units MobilePro 380 185 195 5 550 Mobile CE #3 2?4 (=3 9? 1?? 44 400 MobileKid 146 (=3 65 81 61 050 111 000 Actuai Operating Data, Third Quarter 2020 Variable Cost Contribution Sales Volume in Selling Price per Unit Margin per Unit Units MobilePro {=3 351 180 {=3 1?1 4 600 Mobile CE #3 284 92 192 49 450 MobileKid {=3 115 #3 T3 42 60 950 115 000 1. Compute the budgeted and actual average contribution margins in dollars for each product and in total for the third quarter of 2020. 2. Calculate the actual and budgeted sales mixes for the three products for the third quarter of 2020. 3. Calculate total salesvolume, salesmix, and salesquantity variances for the third quarter of 2020. {Calculate all variances in terms of contribution margins.) 4. Given that your CEO is known to have temper tantrums, you want to be well prepared for this meeting. In order to prepare, write a paragraph or two comparing actual results to budgeted amounts