The Endo Corporation sells two brands of wine glasses: Plain and Chic. Endo 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. Requirement 1. Calculate the sales-quantity variances for each product for June 2020. Begin by determining the basic formula for Endo Corporation's static-budget total contribution margin (CM). Budgeted x Plain wine glasses Budgeted x Budgeted Budgeted ) + ( [ x Chic wine glasses Budgeted x Budgeted Static-budget = total CM 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 12,075 2,100 units $5 per unit $8 per unit $2,300 U 60% Print Done Requirements 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. Print Done -