Data Table Static-budget total contribution margin $ 14,700 Budgeted units to be sold of all glasses 2,800 units Budgeted contribution margin per unit of Plain $4 per unit Budgeted contribution margin per unit of Chic $9 per unit Total sales-quantity variance $4,725 U Actual sales-mix percentage of Plain 60% Print Done 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 The Bito Corporation sells two brands of wine glasses: Plain and Chic. Bito provides the following information for sales in the month of June 2017: Click the icon to view the data for sales.) Al 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 Bito Corporation's static-budget total contribution margin (CM). Plain wine glasses Chic wine glasses Budgeted Budgeted Budgeted Budgeted Budgeted Budgeted Units Sales-mix % * CM per unit) Units Sales-mix % * CM per unit) Rearrange the formula to determine the sales mix for each product Static-budget total CM 75 % 25 % 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. Budgeted CM based on actual Total sales-mix variance Total static-budget CM units sold at the budgeted mix