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6. The Omega Corporation manufactures two times of cleaner TENIR BOR BO CA building use and the House-Helper for residences, Budgeted and actual per data
6. The Omega Corporation manufactures two times of cleaner TENIR BOR BO CA building use and the House-Helper for residences, Budgeted and actual per data for the year are as follows: Static Budget Number sold Contribution margin ZENITH 15,000 $3,750,000 HouseHelper 60.000 $12,000,000 75.000 $15,750,000 Total 55.000 $16,400,000 Actual Results Number sold Contribution margin ZENITH 16,500 $6,200,000 House-Helper 38,500 $10,200,000 Assume that Omega Corporation Operates in Midwest market. The total Midwest market is een 300.000 units in sales volume for 2018. The actual total Midwest market for 2018 was 440,00 sales volume. Required: Label all variances as either favorable (F) or unfavorable (Uh) a. Calculate the total contribution margin for the flexible budget. b. Determine the total static-budget variance, the total flexible-budget variance, and we total sales volume variance in terms of the contribution margin. c. Calculate the market share and market size variances in contribution margin terms for the Omega Corporation for 2018
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