Next determine the formula for the sales-quantity variance, then calculate the variance for each product. (Calculate all variances in terms of contribution margins.) Label each variance as favorable (F) or unfavorable (U). (Enter all dollar values to the nearest cent and any applicable percentages as whole percentages. Enter all variances as positive numbers. Abbreviation used: CM = contribution margin, qty = quantity) Actual Budgeted Budgeted Budgeted Sales-quantity ) * % * variance Kostor ( ) * % x = Limba ) * % * The total sales-quantity variance is Now determine the formula for the sales-mix variance, then calculate the variance for each product. (Calculate all variances in terms of contribution margins.) Label each variance as favorable (F) or unfavorable (U). (Enter all dollar values to the nearest cent and any applicable percentages as whole percentages. Enter all variances as positive numbers. Abbreviation used: CM = contribution margin, qty = quantity) Actual Actual Budgeted Sales-mix Budgeted % ) * ( % - = variance Kostor % - %) * Limba % %) * = The total sales-mix variance is X Data Table Product Budget for 2017 Actual for 2017 Selling Variable Cost Cartons Selling Variable Cost Cartons Price per Carton Sold Price per Carton Sold $ 18.00 $ 12.50 192,000 $ 18.60 $ 13.45 197,600 Kostor Limba $ 23.00 $ 15.25 128,000 $ 24.50 $ 15.55 106,400 Print Done