The Sato Corporation sells two brands of wine glasses: Plain and Chic. Sato provides the following information for sales in the month of June 2020: 1 (Click the icon to view the data for sales.) All variances are computed in contribution-margin terms. Read the requirements 2. Requirement 1. Calculate the sales-quantity variances for each product for June 2020. Begin by determining the basic formula for Sato 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 %. The sales-mix percentage of Chic wine glasses is %. Next, determine the formula and compute the budgeted CM based on actual units sold of all products at the budgeted mix. The actual number of all glasses sold is units. Now determine the formula, then calculate the sales-quantity variances for each product for June 2020. Label each variance as favorable (F) or unfavorable (U). (Enter percentages, if any, as decimals to two places, X.XX. Enter all variances as positive numbers.) Budgeted Actual Plain Chic Budgeted |) x x ) x ) x Budgeted Sales-quantity = variance (5) (6) Requirement 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. Begin with the individual-product sales-mix variances for June 2020. Determine the formula, then calculate the variance for each product. Label each variance as favorable (F) or unfavorable (U). (Enter percentages, if any, as decimals to two places, X.XX. Enter all variances as positive numbers.) (13) The total sales-mix variance is Now calculate the individual-product sales-volume variances for June 2020. Determine the formula, then calculate the variance for each product. Label each variance as favorable (F) or unfavorable (U). (Enter all variances as positive numbers.) Requirement 3. Briefly describe the conclusions you can draw from the variances. Sato Corporation shows a(n) (20) sales-quantity variance because it sold (21) wine glasses in total than was budgeted. This is partially offset by a(n) (22) sales-mix variance because the actual mix of wine glasses sold has shifte in favor of the higher contribution margin (23) wine glasses. 2: 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