Johnston Company (JC) sells two types of bicycles with details as follows for 2016:

Required:
1. Calculate the budgeted contribution margin for each model.
2. Calculate the following variances:
a. Sales price.
b. Market volume.
c. Market share
d. Sales mix.
e. Sales quantity.

Transcribed Image Text:

Mountain Road Plan Expected total industry unit sales.. Budgeted JC unit sales. Budgeted selling price per unit. Budgeted variable costs per unit.. Actuals Actual total industry unit sales.. Actual JC unit sales... Actual selling price per unit.. Actual variable cost per unit. 96,000 8,400 170,000 34,000 $ 1,600 $ 1,258 $ 1200 120,000 12,000 $1,240 200,000 36,000 $ 1,575 $ 1,275 ŠLO00