required 1 and 2

The Soda Shoppe manufadures and sells three soft drinks: Kola, Lima, and Oranga. Budgeted and adual results for 2013 are as follows: a (Click the icon to view the budgeted data.) a (Click the icon to view the actual data.) Required 1. Compute the total salesvolume valiance, the total salesmix variance' and the total salesquantity valiance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. 2. What inferences can you draw from the variances computed in requirement 1'? Requirement 1. Compute the total salesvolume variance, the total salesmix variance and the total salesquantity variance. (Calculate a|| variances in terms of contribution margin.) Show results for each product in your computations Begin by computing the actual contribution margins (CM). Then compute the budgeted contn'bution margins in dollars for each product and in total for the third quarter of 2018. Actual CM Kola o Budgeted data 0 Actual data Lima Oranga Budget for 2018 Actual for 2018 T tal = . . D Selllng Varlable Cost Cases Selling Variable Cost Cases Price per Case Sold Price per Case Sold Kola $ 6.60 $ 4.40 420,000 Kola 5 5.80 $ 4.90 550,000 Lima 5% 4.30 $ 3.50 650,000 Lima 5 5.05 $ 3.45 970,000 Oranga $ 7.90 $ 5.00 1,800,000 Oranga $ 170 $ 5.10 1,?10,000