Sales information Requirement $1.$ Calculate the sales$-$quantity variances for each product for June.

Begin by determining the basic formula for Sato Corporation's static$-$budget total contribution margin $($CM$).$

Rearrange the formula to determine the sales mix for each product.

The sales$-$mix percentage of Plain wine glasses is ${?}^{\%}.$

The sales$-$mix percentage of Chic wine glasses is $16.$

Next, determine the formula and compute the budgeted CM based on actual units sold of all products at the budgeted mix.

The actual number of all glasses sold is units. Requirement $2.$ Calculate the individual$-$product and total sales$-$mix variances for June. Calculate the individual$-$product and total sales$-$volume variances for June.

Begin with the individual$-$product sales$-$mix variances for June. Determine the formula, and then calculate the variance for each product. Label each variance as favourable $($F$)$ or unfavourable $($U$).($Enter

percentages, if any, as decimals rounded to two places, $"$X$.$XX$".)$

Now, calculate the individual$-$product sales$-$volume variances for June. Determine the formula, and then calculate the variance for each product. Label each variance as favourable $($F$)$ or

unfavourable $($U$).$

The total sales$-$volume variance isRequirement $3.$ Briefly describe the conclusions you can draw from the variances.

Sato Corporation shows a$($n$)$

sales$-$quantity variance because it sold

wine glasses in total than was budgeted. This is partially offset by $a(n)$

sales$-$mix variance because the actual mix of wine glasses sold has shifted in favour of the higher$-$contribution$-$margin

wine glasses.The Sato Corporation $($SC$)$ sells two brands of wine glasses: Plain and Chic. SC provides the following information for sales in the month of June:

$($Click the icon to view the information for sales.$)$

All variances are to be computed in contribution$-$margin terms.