Lake Cellars produces and sells white wine. The following data concern the three varietals of white wine the company currently offers. Sales data for August are given as follows. Total Budgeted selling price Budgeted variable cost Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity Sauvignon Blane $ 9.00 $ 6.00 20,000 $ 9.25 $ 6.15 22.000 Chardonnay $10.00 $ 7.50 8,000 $ 9.80 $ 7.60 8,500 Riesling $ 7.00 $ 5.00 12,000 $ 7.10 $ 4.90 11,500 40,000 42,000 Required: a. Compute the sales price variance for all three wines. b. Compute the activity variance for Lake Cellars for August c. Compute the mix and quantity variances for Lake Cellars for August Complete this question by entering your answers in the tabs below. Req A Req B and C Compute the sales price variance for all three wines. (Indicate the effect of each var for unfavorable. If there is no effect, do not select either option.) Price Variance Variety Sauvignon Blanc Chardonnay Riesling Total variance b. Compute the activity variance for Lake Cellars for August. c. Compute the mix and quantity variances for Lake Cellars for Aug (Do not round intermediate calculations. Indicate the effect of each unfavorable. If there is no effect, do not select either option.) b. Activity variance c. Mix variance Quantity variance RegA