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Sells two brands of wine glasses: Plain and Chic. The co. provides the following information for sales in the month of June 2020. Static budget total contribution TAS 11, 000 Budgeted units to be sold of all Glasses 2000 units Budgeted contribution margin per unit of plain TAS 4 per unit Budgeted contribution margin per unit of Chic TAS 10 per unit Actual contribution margin per unit of plain (valued at standard variable cost) TAS 5 per unit Actual contribution margin per unit of Chic (valued at standard variable cost) TAS 9 per unit Total sales Quantity Variance TAS 2200 A Actual sales mix percentage of Plain 60% All variances are to be computed in contribution margin terms.
Required:
Question i. Calculate sales quantity variance for each product for June 2020.
Question ii. Calculate the individual-product and total sales mix variance for June 2020
Question iii. Calculate the individual-product and total sales volume variance for June 2020
Question iv. Calculate the individual-product and total sales price variance for June 2020
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