explain the answers please

PO A. O B I U - abe X2 X A - ay . A - Aa - A A Styles Editing Create and Share Request Adobe PDF Signature Font Paragraph Styles Adobe Acrobat Special Tea Products (STP) has an exclusive contract with Tea Distributors. Two brands of Teas are imported, Strong and Mild, and sold to retail outlets. The monthly budget for the contract is based on a combination of last year's performance, a forecast of general industry sales, and the company's expected share of the Canadian market for imported Tea. The following information is provided for the month of May: Budgeted Budgeted Actual Strong Mild Strong Actual Mild Price per kg $2.00 $3 00 $2.50 $2.50 Variable cost /kg 1.00 1 50 1:00 2.00 Cont. margin $1 00 $1 50 $1 50 $0.50 Sales (in kg) 2,000 1,500 1,700 1,800 Budgeted fixed costs are $1,750. Actual fixed costs are $2,000. Required: a) What is the static budget variance (contribution margin) for Mild Tea? 1350 Unfavourable b) What is the STP sales-volume variance (contribution margin) for Strong tea? 300 Unfavorable C) What is the STP total static-budget variance for revenues? 250 favourable d) What is the STP total flexible budget variance for revenues? 50 unfavourable. e) What is the STP total sales-volume variance (contribution margin) for May? 150 favourable f) What is the STP total sales-quantity variance for revenues? Sales Quantity Variance = Std Contribution Margin (Budgeted Sales - Unit Sales at Standard Mix)=0 ENG 4:41 PM 2020-07-25