Matter Corp. buys and sells two types of sunglasses in New York: Duma and Kool. Budgeted and actual results for 2017 are as follows: E (Click the icon to view the budgeted and actual results.) Requirement Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. Begin by calculating the budgeted contribution margin for each product and in total. (Enter the sales mix as a whole number, X%.) Selling Variable Cost CM per Units Sales Price per unit unit Sold Mix Duma Kool Total Now calculate the actual contribution margin for each product and in total. (Enter the sales mix as a whole number, X%.) Selling Variable Cost CM per Units Sales Price per unit unit Sold Mix Duma Kool Total Compute the total sales-volume variance. (Calculate all variances in terms of sontribution.margin.) Show results for each product in your computations. Determine the formula for sales-volume variance, then compute the sales-volume variance for each type of sunglasses and in total for Matter in 2017. Label each variance as favorable (F) or unfavorable (U). (Enter all variances as positive numbers. Abbreviation used: qty quantity.) Sales-volume variance Duma Kool The total sales-volume variance is $ Now compute the total sales-mix variance. (Calculate all variances in terms of contribution margin. ) Show results for each product in your computations. Now determine the formula for the sales-mix variance, then calculate the variance for each type of sunglasses and in total for 2017. Label each variance as favorable (F) or unfavorable (U). (Enter any percentages as a whole number. Enter all variances as positive numbers. Abbreviations used: CM contribution margin: VC variable cost.) Actual Actual Budgeted Budgeted Sales-mix %)x variance Duma %) x Kool %) x The total sales-mix variance is $ Compute the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. Let's first determine the formula for the sales-quantity variance, then calculate the variance for each type of sunglasses and in total for 2017, Label each variance as favorable (F) or unfavorable (U). (Enter percentages as a whole number. Enter all variances as positive numbers. Abbreviation used: CM = contribution margin.) Actual Budgeted Sales-quantity )x sales-mix % x CM per unit variance Duma ol )x % x The total sales-quantity variance is $ i Data Table Budget for 2017 Actual for 2017 Selling Variable Cost Units Selling Variable Cost Units Product Price per Unit Sold Price per Unit Sold Duma $ 21 $ 14 97,610 $ 24 2$ 13 105,840 Kool $ 25 17 129,390 $ 34 18 110,160 Print Done %24