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 Variance Total $ Due to: Price Volume Mix Sum Product A Product B Product C Product D Total Budget Units Price 150 $ 210.00 50 $ 180.00 150 $ 200.00 150 $ 70.00 500 $ 162.00 Sales $ 31,500 9,000 30,000 10,500 81,000 Actual Units Price 200 $ 200.00 500 $ 100.00 50 $ 150.00 300 $ 50.00 1050 $ 107.14 Sales $ 40,000 50,000 7,500 15,000 112,500