Saini, Inc., produces and sells gel-filled ice packs. Saini’s performance report for April follows:

Required:
1. Calculate the contribution margin variance and the contribution margin volume variance.
2. Calculate the market share variance and the market size variance. (CMA adapted)LO1

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Actual Budgeted Units sold 100,000 90,000 Sales $410,000 $360,000 Variable costs 375,000 315,000 Contribution margin $35,000 $45,000 Market size (in units) 1,250,000 1,200,000