The Hiro Corporation sells two brands of wine glasses: Plain and Chic. Hiro provides the following information for sales in the month of June 2014: All variances are to be computed in contribution-margin terms.
Static-budget total contribution margin $15,525
Budgeted units to be sold of all glasses 2,300 units
Budgeted contribution margin per unit of Plain $5 per unit
Budgeted contribution margin per unit of Chic $12 per unit
Total sales-quantity variance $2,700 unfavorable
Actual sales-mix percentage of Plain 60%
Required:
1. Calculate the sales-quantity variances for each product for June 2014.
2. Calculate the individual-product and total sales-mix variances for June 2014. Calculate the individual-product and total sales-volume variances for June 2014.
3. Briefly describe the conclusions you can draw from the variances.

answer///a coalition;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.