K The Kato Corporation (KC) sells two brands of wine glasses: Plain and Chic. KC provides the following information for sales in the month of June (Click the icon to view the information for sales.) All variances are to be computed in contribution-margin terms Required 1. Calculate the sales-quantity variances for each product for June. 2. Calculate the individual-product and total sales-mix variances for June. Calculate the individual-product and total sales-volume variances for June 3. Briefly describe the conclusions you can draw from the variances. Sales information www. ( units x sales-mix % x CM per unit )+( www.g units x sales-mix% Rearrange the formula to determine the sales mix for each product The sales-mix percentage of Plain wine glasses is 80 % The sales-mix percentage of Chic wine glasses is 20 %. Next: determine the formula and compute the budgeted CM based on actual units sold of a 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 Plan $15,000 3,000 units $4 per unit $9 per unit $6,500 U 60% Total static-budget CM 15,000 Total sales-quantity variance 6,500 Budgeted CM t units sold at the The actual number of all glasses sold is 1700 units Now, determine the formula, and then calculate the sales-quantity variances for each produ decimals rounded to two places, "XXX") Print Done Budgeted Actual Budgeted #of all glasses sold seling price )x of all glasses sold x Budgeted CM per glass Sales-quantity Plain ( Chic ( 1700 0.80 13x 1700 variance 3740 U 1700 0.20 )x 1700 9 1360 U Etext pages Calculator Clear all Check