Actual Operating Data, Third Quarter 2022 Selling Variable Cost Contribution Sales Volume Contribution Price per Unit Margin per Unit in Units Dollars SlatePro $ 349 $ 181 $ 168 10,120 $ 1,700,160 Slate 288 95 193 32,200 6,214,600 SlateLite 107 49,680 1,639,440 74 33 92,000 $ 9,554,200 Print Done Budgeted data Budgeted Operating Data, Third Quarter 2022 Variable Selling Cost Contribution Sales Volume Contribution Price per Unit Margin per Unit in Units Dollars SlatePro $ 373 $ 180 $ 193 13,580 $ 2,620,940 Slate 275 98 177 35,890 6,352,530 SlateLite 148 70 78 18 47,530 3,707,340 Print Done 97,000 $ 12,680,810 s in ur f Barwick Slate Inc. (BSI) produces tablet computers. BSI markets three different handheld models. SlatePro is a souped-up version for the executive on the go; Slate is a consumer-oriented version; and SlateLite is a stripped-down version for the young adult market. Barwick Slate's senior vice president of marketing prepared his budget at the beginning of the third quarter assuming a 25% market share based on total sales. The total tablet market was estimated by Foolinstead Research to reach sales of 388,000 units worldwide in the third quarter. However, actual sales in the third quarter were 400,000 units. Budgeted and actual operating data for the company's third quarter of 2022 are as follows: (Click the icon to view the budgeted data.) Required (Click the icon to view the actual data.) Requirement 1. Calculate the market-share and market-size variances for BSI in the third quarter of 2022 (calculate all variances in terms of contribution margins). Begin by determining the formula for the market-share variance, and then calculate the variance for Barwick Slate in the third quarter of 2022 (calculate all variances in terms of contribution margins). Label the variance as favourable (F) or unfavourable (U). (For amounts entered into the formula, enter all amounts to two decimal places except for units. Round your final answer to the nearest whole dollar.) Market-share Actual market share Budgeted market share Actual Budgeted CM-composite unit )x market size-units x for budgeted mix )x variance