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Cyclops Calculator Company (CCC) manufactures two models of calculators, a deluxe model and a basic model. Based on a projected market size of 25,000
Cyclops Calculator Company (CCC) manufactures two models of calculators, a deluxe model and a basic model. Based on a projected market size of 25,000 calculators for 2020, Cyclops budgeted the following 2020 results: 3,000 Deluxe calculators sold @ a contribution margin of $100 each 4,500 Basic calculators sold @ a contribution margin of $50 each At the end of 2020 Cyclops noted that 22,000 calculators had been sold in their market area. The actual results for Cyclops were: Required: 2,772 Deluxe calculators sold @ $90 contribution margin per unit 3,388 Basic calculators sold @ $65 contribution margin per unit 1) Calculate sales mix and sales quantity variances for the deluxe and basic calculators (8 marks) 2) Calculate the market share and market size variances for CCC (4 marks)
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