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Please answer #1-26. Requirements and given below. Thanks so much Earthly Inc. manufactures and sells two fruit drinks: Kostor and Limba. Budgeted and actual results

Please answer #1-26. Requirements and given below. Thanks so much

image text in transcribedimage text in transcribedimage text in transcribed Earthly Inc. manufactures and sells two fruit drinks: Kostor and Limba. Budgeted and actual results for 2020 are as follows: (Click the icon to view the budgeted and actual results.) Data table es-quantity variance a and contribution \begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{5}{|c|}{ Budget for 2020} \\ \hline & \begin{tabular}{c} Contribution Margin \\ per Unit \end{tabular} & \begin{tabular}{c} Sales Volume \\ in Units \\ \end{tabular} & \begin{tabular}{c} Sales Mix \\ (Based on Units) \end{tabular} & & \begin{tabular}{c} Contribution \\ Margin \\ \end{tabular} \\ \hline Kostor & 4.35 & & & % & \\ \hline Limba & & & & % & \\ \hline Total & & & & % & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{5}{|c|}{ Actual for 2020} \\ \hline & \begin{tabular}{c} Contribution Margin \\ per Unit \end{tabular} & \begin{tabular}{c} Sales Volume \\ in Units \\ \end{tabular} & \begin{tabular}{c} Sales Mix \\ (Based on Units) \end{tabular} & & \begin{tabular}{c} Contribution \\ Margin \\ \end{tabular} \\ \hline Kostor & & & & % & \\ \hline Limba & & & & % & \\ \hline Total & & & & % & \\ \hline \end{tabular} all variances as positive numbers. Abbreviation used: CM= contribution margin) The total sales-volume variance is (6) Requirement 2. What inferences can you draw from the variances computed in requirement 1 ? The breakdown of the (21) sales-volume variance shows that the biggest contributor is the (22) in actual units sold, resulting in (23) sales-quantity variance. The sales-quantity variance is (24) by the (25) - sales-mix variance. The sales-mix variance is the a result of the sales mix shifting in favor of the (26)

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