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Please help. Required: Sales Variances (do all variances in total and for each product) 1. Compute the total sales variance (also called the static budget

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Please help.

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Required: Sales Variances (do all variances in total and for each product) 1. Compute the total sales variance (also called the static budget variance): Budgeted sales - Actual sales. 2. Compute the sales volume volume variance and flexible budget variance (sales price variance). In other words, how much of the change in REVENUES was caused by the sales volume? How much was caused by difference in average sales price? 3. Further analyze the sales volume variance in by breaking it down into sales mix and sales quantity variances. In other words, how much of difference in sales was caused by the difference in the quantity sold, and how much was due to the difference in mix of products sold? 4. INTERPRET YOUR RESULTS from (1-6) ABOVE. What additional information or analysis would we do to bring further meaning to this

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