(Click the icon to view the budgeted data.) (Click the icon to view the actual data.) Read the requirements. Data table Data table Requirements 1. Compute the actual and budgeted 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 sales-volume, sales-mix, and sales-quantity variances for the third quarter of 2020 . (Calculate all variances in terms of contribution margins.) 4. Given that your CEO gets very angry if actual results differ from budget, you want to be well prepared for this meeting. In order to prepare, complete the summary comparing actual results to budgeted amounts. Kequirement I. Lompute the actual ana buagetea contridution margins in aoilars tor eacn proauct ana in tota tor the thra quarrer or UU. Begin by computing the actual contribution margins (CM), then compute the budgeted contribution margins in dollars for each product and in total for the third quarter of 2020. Requirement 2. Calculate the actual and budgeted sales mixes for the three products for the third quarter of 2020. Begin by calculating the actual sales mixes for the three products for the third quarter of 2020 . Requirement 3. Calculate total sales-volume, sales-mix, and sales-quantity variances for the third quarter of 2020. (Calculate all variances in terms of contribution margins.) Let's first determine the formula for the sales-volume variance, then calculate the variance for each product for the third quarter of 2020. (Calculate all variances in terms of contribution margins.) Label each variance as favorable (F) or unfavorable (U). (Enter all variances as positive numbers.) Now determine the formula for the sales-mix variance, then calculate the variance for each product for the third quarter of 2020 . (Cal favorable (F) or unfavorable (U). (Enter percentages to one decimal place, X.X%. Enter all variances as positive numbers.) The total sales-mix variance is favorable (F) or unfavorable (U). (Enter percentages to one decimal place, X.X%. Enter all variances as positive numbers. Abbreviation used: qty = quantity) The total sales-quantity variance is amounts. Overall, there was a(n) total sales-volume variance. However, the large drop in as well as a drop in the actual contribution margin per unit below budget, led to the total contribution margin being much lower than budgeted