The Karii Corporation (KC) sells two brands of wine glasses: Plain and Chic KC provides the following information for sales in the month of June 2018 Click the loon to view the information for sales.) All variances are to be computed in contribution-margin terms Required Calculate the sales-quantity variances for each product for June 2018 Calculate the individual product and total sales-mix variances for June 2018. Calculate the individual product and total sales-volume variances for June 2018 3. Briefly describe the conclusions you can draw from the variances 1. 2. Requirement 1. Calculate the sales-quantity variances for each product for June 2018 . ch products statie-bud Sales information - X Budgeted 10,080 2,100 units duct. 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 $3 per unit $12 per unit $3,360 U -ed on act 60% 11 10 Print Done City varianceuror ce Cryo erodrable (U). (Ente SO TORCEDOTU TULOG dhe to the next question Requirement 1. Calculate the sales-quantity variances for each product for June 2018 Begin by determining the basic formula for Kanji Corporation's static budget total contribution margin (CM) Plain wine glasses Chic wine glasses Budgeted Budgeted Budgeted Budgeted Budgeted Budgeted + Static-budget total CM Rearrange the formula to determine the sales mix for each product The sales mix percentage of Plain wine glasses in % The sales mix percentage of Chic wino glasses is % Next determine the formula and compute the budgeted CM based on actual units sold of all products at the budgeted mix. Budgeted CM based on actual units sold at the budgeted mix The actual number of all glasses sold is units. Now determine the formula, and then calculate the sales-quantity variances for each product for June 2018. Label ench variance as favourable (F) or unavourable (U). places, "XXX") Budgeted Actual Budgeted Budgeted Sales quantity > variance X Plain X Chic X Requirement 2 Coluline the individual product and total sales variances for June 2018 Calculate the individus product and son volume variances for June 2016 Begin with the individual products macos torne 2018. Determine the form and then che variance for each product Labelcach variance as fave for state pretaget ury as socials rounded to two places. "X.XX) Actu Budgeted Ach Budgeted Salem variano Pain ) X Chieti The total sal-mix variances Now calculate the individual product sales volume variances for June 2018. Detmine the format and then calculate the variance for each product Labelach varor ble fruntaturatie ( Sales-vou X variance Pin Chie The total sales volume variances Requirement. By describe the conclusions you can draw trom the variances Kang Corporation shows and sales and variance because it sold wine glasses sold has shitdin favour of the higher contribution-margin wine wine glasses in total than was budgeted. This is yo by an - Varance became Choose from any or enter any number in the input fides and then continue to the next