Contribution Margin Analysis Mathews Company manufactures only one product. For the year ended December 31, the contribution margin increased by $14,110 from the planned level of 425,790. The president of Mathews Company has expressed some concern about this increase and has requested a follow-up report. The following data have been gathered from the accounting records for the year ended December 31: Difference- Increase Actual Planned (Decrease) Sales $846,600 $832,656 $13,944 Variable costs: Variable cost of goods sold $323,700 $340,632 $(16,932) Variable selling and administrative expenses 83,000 66,234 16,766 Total variable costs $406,700 $406,866 $(166 Contribution margin $439,900 $425,790 $14,110 Number of units sold 8,300 9,462 Per unit: Sales price $102 $88 Variable cost of goods sold 39 36 Variable selling and administrative expenses 10 7 Required: 1. Prepare a contribution margin analysis report for the year ended December 31. Mathews Company Contribution Margin Analysis For the Year Ended December 31 Planned contribution margin Effect of changes in sales: Sales quantity factor Unit price factor Total effect of changes in salesSales price $102 $88 Variable cost of goods sold 39 36 Variable selling and administrative expenses 10 7 Required: 1. Prepare a contribution margin analysis report for the year ended December 31. Mathews Company Contribution Margin Analysis For the Year Ended December 31 Planned contribution margin Effect of changes in sales: Sales quantity factor Unit price factor Total effect of changes in sales Effect of changes in variable cost of goods sold: Variable cost quantity factor 00 Unit cost factor Total effect of changes in variable cost of goods sold Effect of changes in selling and administrative expenses: Variable cost quantity factor Unit cost factor Total effect of changes in selling and administrative expenses Actual contribution margin Feedback Check My Work