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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:
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: BE: (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 2017. Begin by determining the basic formula for Endo Corporation's static-budget total contribution margin (CM). Chic wine glasses Plain wine glasses Budgeted Sales-mix % Budgeted Units Static-budget Budgeted CM per unit) + ( Budgeted Units Budgeted Sales-mix % Budgeted CM per unit ) = ( X = total CM Rearrange the formula to determine the sales mix for each product. The sales-mix percentage of Plain wine glasses is %. -
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