Budget Marmalade Apple Strawberry Raspberry Mixed Selling Price Variable Cost Fixed Cost Sales Volume $ 4.60 $ 2.60 $50,000 45,000 5.00 2.70 19,000 25,000 5.50 2.90 15,000 10,000 6.00 3.40 6,900 5,000 6.60 3.90 22,000 15,000 100,000 Actual Marmalade Apple Strawberry Raspberry Mixed Selling Price Variable Cost Fixed Cost Sales Volume $ 4.60 $ 2.71 $50,000 57,600 5.20 2.90 20,000 18,000 5.70 3.00 15,000 9,600 6.10 3.50 17,000 13,200 7.00 4.00 21,000 21,600 120,000 c) Further review of the data indicates there has been a change in the market for strawberry and raspberry jam. The actual sales figures are very different then budgeted. So you decide to investigate the sales volume contribution margin variances implications. (10) The expected sales volume for the entire strawberry and raspberry market was 75,000 with 24,750 for raspberry units while the actual sales volume for the market was 76,000 units with 30,400 for strawberry. Calculate the sales-quantity CM variance Calculate the sales-mix CM variance Calculate the sales volume CM variance Budget Marmalade Apple Strawberry Raspberry Mixed Selling Price Variable Cost Fixed Cost Sales Volume $ 4.60 $ 2.60 $50,000 45,000 5.00 2.70 19,000 25,000 5.50 2.90 15,000 10,000 6.00 3.40 6,900 5,000 6.60 3.90 22,000 15,000 100,000 Actual Marmalade Apple Strawberry Raspberry Mixed Selling Price Variable Cost Fixed Cost Sales Volume $ 4.60 $ 2.71 $50,000 57,600 5.20 2.90 20,000 18,000 5.70 3.00 15,000 9,600 6.10 3.50 17,000 13,200 7.00 4.00 21,000 21,600 120,000 c) Further review of the data indicates there has been a change in the market for strawberry and raspberry jam. The actual sales figures are very different then budgeted. So you decide to investigate the sales volume contribution margin variances implications. (10) The expected sales volume for the entire strawberry and raspberry market was 75,000 with 24,750 for raspberry units while the actual sales volume for the market was 76,000 units with 30,400 for strawberry. Calculate the sales-quantity CM variance Calculate the sales-mix CM variance Calculate the sales volume CM variance