The Bito Corporation sells two brands of wine glasses: Plain and Chic. Bito provides the following information for sales in the month of June 2020: EEE (Click the icon to view the data for sales.) All variances are computed in contribution-margin terms. Read the requirements. Begin by determining the basic formula for Bito Corporation's static-budget total contribution margin (CM). Budgeted Units Plain wine glasses Budgeted CM per unit )+( Rearrange the formula to determine the sales mix for each product 75 %. Budgeted Sales-mix % x The sales-mix percentage of Plain wine glasses is The sales-mix percentage of Chic wine glasses is Budgeted Units Total sales-mix variance 25 %. Chic wine glasses Budgeted Sales-mix % x Total static-budget CM Budgeted CM per unit )= Next, determine the formula and compute the budgeted CM based on actual units sold of all products at the budgeted mix. Static-budget total CM Budgeted CM based on actual units sold at the budgeted mix Points: 2.03 of 17 Data table Static-budget total contribution margin Budgeted units to be sold of all glasses Budgeted contribution margin per unit of Plain Budgeted contribution margin per unit of Chic Total sales-quantity variance Actual sales-mix percentage of Plain Print Done S 20,250 3,000 units $6 per unit S9 per unit S7,425 U 60%

The Bito Corporation sells two brands of wine glasses: Plain and Chic. Bito provides the following information for sales in the month of June 2020 : (Click the icon to view the data for sales.) All variances are computed in contribution-margin terms. Read the requirements. Data table Begin by determining the basic formula for Bito 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 Next, determine the formula and compute the budgeted CM based on actual units sold of all products at the budgeted mix. 1. Calculate the sales-quantity variances for each product for June 2020 . 2. Calculate the individual-product and total sales-mix variances for June 2020 . Calculate the individual-product and total sales-volume variances for June 2020 . 3. Briefly describe the conclusions you can draw from the variances