Question 1. Rusti-Verres SNC sells two brands of wine glasses - Choc and Chic. Rusti-Verres provides the following information for sales in the month of June 2015: Static-budget total contribution margin SFr 5600 Budgeted units to be sold of all glasses in June 2015 2000 units Budgeted contribution margin per unit of Choc SFt 2 per unit Budgeted contribution margin per unit of Chic Sfr 6 per unit Total sales-quantity variance SFr 1400 Actual sales-mix percentage of Choc 60% All variances are to be calculated in contribution-margin terms. Required Calculate the sales-quantity variances for each product for June 2015. Calculate the individual product and total sales-mix variances for June 2015. Calculate the individual product and total sales-volume variances for June 2015. 3 Briefly describe the conclusions you would draw from the variances. 1 2 Question 2. Regis Ltd. uses two materials in the production of its product. The materials, X and Y, have the following standards: Material Standard Mix 3,500 units 1,500 units Yield 4,000 units Standard Unit Price 1.00 per unit 3.00 per unit Standard Cost 3,500 Y 4,500 X During April, the following actual production information was provided: Material Actual Mix 30,000 units 20,000 units 36,000 units Y Yield 2.1 What is the materials mix variance? 2.2. What is the materials yield variance? 2.3 What is the materials usage variance