COULD YOU HELP ME TO ANSWER QUESTION 2 AND 3

Acme Manufacturing, manufactures two types of toys - Product A and Product B. The actual operating income for the year was $4,600 below the budgeted operating income. You have been asked to analyze the sales volume variances based on the following information: Budget Budget Budget Actual Actual Actual Product A Product B Total Product A Product B Total Unit selling price 620.00 $30.00 $21.00 $32.00 Variable costs: Manufacturing $11.00 $17.00 $12.00 $20.00 Marketing $1.00 $1.00 $1.10 $1.10 Fixed costs: Manufacturing $34,500 $36,000 Marketing $40,000 $44,000 Sales volume 9,000 6,500 10,000 7,000 (units) Industry sales 72,500 64,000 volume (units) Required: 1. Calculate the following variances for each product (16 marks): a. Sales-volume variance b. Flexible-budget variance c. Sales-quantity variance d. Sales-mix variance 2. Calculate market-size and market-share variances. (4 marks) 3. Based upon your results in parts 1 and 2, provide two observations about the company's actual performance compared to the budgeted expectations