1. Borg Power Trains produces drive-train components for all-wheel automobiles. For the year ended June 30, 2015 the budged and actual results are as follows:

	Actual	Budget	Difference
Net Sales	$8,305	$7,437	$868
Cost of Sales (variable)	5,000	4,500	500
Cost of sales (fixed)	1,549	1,379	170
Gross Profit	1,756	1,558	198
Selling, general, admin (variable)	94	63	31
Selling, general, admin (fixed)	699	640	59
Operating Income	963	855	108

Required:

-What is the total budget variance for the year?

-Budgets projected sales of 100,000 clutches at $30.27 each (variable cost $19.08) and 90,000 transfer cases at $49 each (variable costs $29.50). Borg sold 110,00 clutches for $3,305,000 and 100,000 transfer cases for $5,000,000. What is the flexible budget variance and the sales volume variance in contribution margin?

-What are the sales-mix and sales-quantity variances?

-Assuming a projected market of 2 million clutches and 2.5 million transfer cases and actual market sales of 2.4 million clutches and 2.6 million transfer cases, calculate the market size and market share variances for clutches.