what is the significance of the sales mix variance amount, what is management concern

17. (10 points) Valve Inc. manufactures three types of hydraulic valves: HV1, JV9 and the AV22. Budgeted and actual operating data for the most recent year are as follows: HV1 AV22 Budget: Units sold 131,250 210,000 183,750 Revenue per unit $ 50.00 $ 60.00 $ 30.00 Variable cost per unit 5 20:00 $ 25.00 $ 15.00 Actual: Units sold 192,500 137,500 220,000 Revenue per unit $ 45.00 $ 65.00 5 32.00 Variable cost per unit $ 25.00 $ 28.00 $ 15.00 a. Calculate the sales-mix variance for each product and in total. 4 b. Calculate the sales-quantity variance for each product and in total