Question: Variance analysis, working backward. The Hiro Corporation sells two brands of wine glasses: Plain and Chic. Hiro provides the following information for sales in the month of June 2017:
All variances are computed in contribution-margin terms.
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 individualproduct and total sales-volume variances for June 2017.
3. Briefly describe the conclusions you can draw from the variances.