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Bazinga Ltd. makes 2 products, Aces and Bells. Data for the most recent year is as follows: Budget Data Product Selling price per unit Variable

Bazinga Ltd. makes 2 products, Aces and Bells. Data for the most recent year is as follows:

Budget Data

Product

Selling price per unit

Variable cost per unit

CM per unit

Sales volume in units

Sales mix (based on units)

Total Contribution Margin

Aces

10.00

2.00

8.00

123,000

61.50%

984,000

Bells

15.00

10.00

5.00

77,000

38.50%

385,000

200,000

1,369,000

Actual Data

Product

Selling price per unit

Variable cost per unit

CM per unit

Sales volume in units

Sales mix (based on units)

Total Contribution Margin

Aces

11.00

2.50

8.50

115,000

63.89%

977,500

Bells

14.50

10.00

4.50

65,000

36.11%

292,500

180,000

1,270,000

Product

Actual Market size in units

Budgeted Market Size in Units

Aces

200,000

210,000

Bells

100,000

90,000

Required:

Calculate the following variances:

  1. Sales Mix Contribution Margin Variance
  2. Sales Quantity Contribution Margin Variance
  3. Market Share Variance
  4. Market Size Contribution Variance
  5. What conclusion can you make about the sales during the year?

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