(Answered) Question variance analysis working backward the hiro

Accounting

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.

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