3 Volume/Rate/Mix Using the Morin Method formulas and the budget and actual data assumptions below, calculate the total variance and the composition between volume, rate and mix and show the results in the Variance and Due to worksheet given. Volume = Change in total volume x old product rate x old product mix\% Rate = Change in product rate x new total volume x old product mix\% Mix = Change in product mix %x new total volume x new product rate \begin{tabular}{|l|r|c|r|r|r|r|r|} \hline & \multicolumn{3}{|c|}{ Budget } & & \multicolumn{3}{c|}{ Actual } \\ \cline { 2 - 5 } \cline { 3 - 4 } & \multicolumn{1}{|c|}{ Units } & Price & Sales $ & & Units & Price & Sales \$ \\ \hline Product A & 150 & $210.00 & 31,500 & & 200 & $200.00 & 40,000 \\ \hline Product B & 50 & $180.00 & 9,000 & 500 & $100.00 & 50,000 \\ \hline Product C & 150 & $200.00 & 30,000 & & 50 & $150.00 & 7,500 \\ \hline Product D & 150 & $70.00 & 10,500 & & 300 & $50.00 & 15,000 \\ \hline Total & 500 & $162.00 & 81,000 & & 1050 & $107.14 & 112,500 \\ \hline \end{tabular} \begin{tabular}{c|c|c|c|c|} \hline Variance & & Due to: & & \\ \cline { 2 - 4 } Total \$ & Volume & Price & Mix & Sum \\ & & & & \\ & & & & \\ & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \hline \end{tabular}