The Kanji Corporation (KC) sells two brands of wine glasses: Plain and Chic. KC provides the following information for sales in the month of June: (Click the icon to view the information for sales.) All variances are to be computed in contribution-margin terms. Required 1. Calculate the sales-quantity variances for each product for June. 2. Calculate the individual-product and total sales-mix variances for June. Calculate the individual-product and total sales-volume variances for June. 3. Briefly describe the conclusions you can draw from the variances. Requirement 1. Calculate the sales-quantity variances for each product for June. Begin by determining the basic formula for Kanji Corporation's static-budget total contribution margin (CM). Plain wine glasses Budgeted Budgeted x Budgeted Chic wine glasses Budgeted Budgeted Budgeted Static-budget x total CM Sales information 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 $13,860 2,100 units $6 per unit $9 per unit $5,280 U 60%