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 Sauvignon Blanc S 9.00 Chardonnay Riesling Total $ 10.00 $ 7.00 6 .00 $ 7.50 $ 5.00 20,000 20,000 8,000 12,000 40,000 Budgeted selling price Budgeted variable 5 Coat Budgeted selling quantity Actual selling price Actual variable cost Actual selling quantity $ 9.25 $ 9.80 $ 7.10 $ 6.15 $ 7.60 $ 4.90 22,000 8,500 11,500 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. RAGA Reg B and C Compute the sales price variance for all three wines. (Indicate the effect of each variance by selecting for unavorable. If there is no effect, do not select either option.) for favorable, or Price Variance Sauvignon Blanc Chardonnay Peng Total variance