The Endo Corporation sells two brands of wine glasses: Plain and Chic. Endo provides the following information for sales in the month of June 2017:

All variances are computed in contribution-margin terms. Read the requirements. C.... Requirement 1. Calculate the sales-quantity variances for each product for June 2017. Begin by determining the basic formula for Endo Corporation's static-budget total contribution margin (CM). Plain wine glasses Chic wine glasses Budgeted Budgeted Budgeted Budgeted Budgeted Budgeted Units Sales-mix % CM per unit ) + Units Sales-mix % CM per unit Static-budget total CM x ) = Rearrange the formula to determine the sales mix for each product. The sales-mix percentage of Plain wine glasses is %. Data Table Requirements Static-budget total contribution margin $ 17,400 Budgeted units to be sold of all glasses 2,400 units Budgeted contribution margin per unit of Plain $6 per unit Budgeted contribution margin per unit of Chic $11 per unit Total sales-quantity variance $4,350 U Actual sales-mix percentage of Plain 60% 1. Calculate the sales-quantity variances for each product for June 2017. 2. Calculate the individual-product and total sales-mix variances for June 2017. Calculate the individual-product and total sales-volume variances for June 2017. 3. Briefly describe the conclusions you can draw from the variances. Print Done Print Done