The Kazu Corporation sells two brands of wine glasses: Plain and Chic. Kazu provides the following information for sales in the month of June 2017: (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 Kazu Corporation's static-budget total contribution margin (CM). i Data Table - Budgeted ( Sales-mix% x Plain wine glasses Budgeted Units Chic wine glasses Budgeted Budgeted CM per unit ) + ( Sales-mix% x Budgeted Budgeted Units CM per unit ) = Static-budget total CM 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 $ 15,750 2,100 units $6 per unit $12 per unit $3,000 U Rearrange the formula to determine the sales mix for each product. Actual sales-mix percentage of Plain The sales-mix percentage of Plain wine glasses is The sales-mix percentage of Chic wine glasses is 75 %. 25 %. 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 iRequirements Print Done 60% X - X 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