Variance analysis, multiple products. Momma's Pan Inc. operates a chain of cookie stores. Budgeted and actual operating data for its three Ottawa stores for August 2018 are as follows: Budget for August 2018 Selling Price per Variable Contribution Sales Kilogram Cost per Margin per Volume in Kilogram Kilogram Kilograms Chocolate chip $4.50 $2.50 $2.00 45,000 Oatmeal raisin 5.00 2.70 2.30 25,000 Coconut 5.50 2.90 2.60 10.000 White 6.00 3.00 3.00 5.000 chocolate Macadamia nut 6.50 3.40 3.10 15,000 100,000 Actual for August 2018 Selling Price per Variable Contribution Sales Kilogram Cost per Margin per Volume in Kilogram Kilogram Kilograms Chocolate chip $4.50 $2.60 $1.90 67,600 Oatmeal raisin 5.20 2.90 2.30 18,000 Coconut 5.50 2.80 2.70 9,600 Actual for August 2018 Selling Price per Variable Contribution Sales Kilogram Cost per Margin per Volume in Kilogram Kilogram Kilograms White 6.00 3.40 2.60 13,200 chocolate Macadamia nut 7.00 4.00 3.00 21,600 120,000 Momma's Pan focuses on contribution margin in its variance analysis Required 1. Compute the total sales-volume variance for August 2018. 5 Marks 2. Compute the total sales-mix variance for August 2018. 5 Marks 3. Compute the total sales-quantity variance for August 2018. 5 Marks 4. Comment on your results in requirements 1, 2, and 3, 5 Marks