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Dianes Designs is a small business run out of its owners house. For the past 6 months, the company has been selling two products, a

Dianes Designs is a small business run out of its owners house. For the past 6 months, the company has been selling two products, a welcome sign and a birdhouse. The owner has been concerned about the companys marketing effectiveness. The master budget and actual results for March of this year follow:

Master Budget
Welcome Sign Birdhouse Total
Units 170 140 310
Sales $ 3,400 $ 1,400 $ 4,800
Variable costs 2,720 630 3,350
Contribution margin $ 680 $ 770 $ 1,450
Fixed costs 75 75 150
Operating income $ 605 $ 695 $ 1,300

Actual Results
Welcome Sign Birdhouse Total
Units 160 150 310
Sales $ 2,400 $ 1,800 $ 4,200
Variable costs 735 363 1,097
Contribution margin $ 1,665 $ 1,437 $ 3,103
Fixed costs 75 75 150
Operating income $ 1,590 $ 1,362 $ 2,953

The total market for welcome signs for each of the last 6 months was 500 budgeted and 500 actual. Diane expected the total market for birdhouses to be 1,120 units per month; the actual volume for the entire market, however, turned out to be only 750 units per month.

Required:

1. Compute Dianes actual market share for welcome signs and birdhouses.

2. What is the market share contribution margin variance? (Leave no cell blank; if there is no effect enter "0" and select "None" from dropdown. Do not round intermediate calculations. Round your answers to 2 decimal places.)

3. What is the market size contribution margin variance? (Leave no cell blank; if there is no effect enter "0" and select "None" from dropdown. Do not round intermediate calculations. Round your answers to 2 decimal places..)

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