2 ABC Co. manufactures widgets and has the following operating information for the past year: 3 530 Product Line Budgeted Unit Sales Budgeted Unit Price Budgeted Unit 5 A Contributin Margin 12,000 6 $85 B 545 28.000 7 $65 40.000 8 9 Product Line 10 Actual Unit Sales Actual Unit Actual Unit Price Contribution Martin 11 IA 16,800 $86 546 12 B 25,200 $62 $28 13 42.000 14 Industry sales volume was estimated at 250,000 units. Actual Industry sales were 300,000 units for the year. 15 16 17 Required: (For each variance, state whether the variance is favorable or unfavorable.) 18 19 1. Calculate the sales volume variances for each of the product line and in total. (4 marks) 20 21 22 23 24 25 26 2. Calculate the sales mix variances for each of the product line and in total. (4 marks) H 40 3. Calculate the sales quantity variance for the company. (4 marks) 41 42 43 - 45 40 47 48 49 50 514. Calculate market share and market size variances for the company as a whole. (6 marks). 32 53 54 55 56 57 58 9 5. Summarize the variances. Comment on ABC's performance over last year and what may have caused the variances from required 1-4. Based on your evaluation, what recommendation(s) can you provide for ABC? (6 marks)