Sales variance analysis Bakery Extraordinaire sells several types of muffins and scones and also sells carrot bread loaves. Planned prices and sales quantities for February are shown here:

The actual results for February are shown here: The owner would like to know how the price changes and volume changes each contributed to the $2,735 difference between planned and actual sales revenues.Required(a) Compute the sales mix variance for each product line and explain the meaning of each variance you computed.(b) Compute the sales quantity variance for each product line and explain the meaning of each variance you computed.(c) Compute the sales price variance for each product line and explain the meaning of each variance youcomputed.

PLANNED SALES FOR FEBRUARY SCONES CARROT BREAD MUFFINS TOTAIS Unit price $1.35 $1.75 $2.75 Unit sales 1,600 $2,160 3,400 $5,950 1,000 6,000 Total $2,750 $10,860 The actual results for February are shown here: ACTUAL SALES FOR FEBRUARY CARROT BREAD MUFFINS SCONIS TOTALS $1.55 Unit price $1.60 $3.25 1,400 Unit sales 4,500 1,300 7,200 Total $2,170 $7,200 $4,225 $13,595