The Hiro Corporation sells two brands of wine glasses: Plain and Chic. Hiro provides the following information for sales in the month of June 2020: Requirement 1. Calculate the sales-quantity variances for each product for June 2020. Begin by determining the basic formula for Hiro Corporation's static-budget total contribution margin (CM). Plain wine glasses Chic wine glasses Budgeted Budgeted x Sales-mix % x CM per unit ) + ( Rearrange the formula to determine the sales mix for each product. Budgeted Units The sales-mix percentage of Plain wine glasses is Budgeted Units %. Budgeted x Sales-mix % x Budgeted CM per unit ) = Static- budget total CM

The Hiro Corporation selis two brands of wine glasses: Plain and Chic. Hiro provides the following information for sales in the month of June 2020: Requirement 1. Calculate the sales-quantity variances for each product for June 2020. Begin by determining the basic formula for Hiro 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 % Data table 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