Elsworth Inc. prepared the budget for 2017 assuming a 39% market share based on total sales in the Midwest region of the United States (Click the icon to view the budgeted and actual results.) (Click the icon to view the budgeted and actual sales mix and contribution margin Information) Click the icon to view the solen varlancon.) Required Calculate the market-share and market-uze varianoon for Elworth Inc, in 2017. Calcule all variances in terms of contribution margin) Comment on the result. Calculate the market share variance for Elsworth Inc. in 2017. (Calculate the variance in terms of contribution margin) Begin by determining the formula for the market share variance, and then calculate the variance for Elsworth Inc for 2017 Label the variance as favourable (F) or unfavourable (U). (Entor percentage values as a decimal rounded to two places, X.XX Enter all dollar values to three decimal places. Enter applicable units as whole numbers, notas millions, Round the variance to the nearest whole dollar Abbreviation used: CM contribution margin) Actual Actual Budgeted Budgeted CM composite unit Market share market size-units X market share market share ) for budgeted mix F > Varice 16.) vest region of the United States (Click the icon to view the budgeted and actual sales mix and contri information.) Budgeted and actual results - X But her beck whe The market was estimated to reach sales of 0.60 million cartons in the region. However, actual total sales volume in the Midwestern region was 0.63 million cartons, Budgeted and actual results for 2017 are as follows: Budget for 2017 Actual for 2017 Selling Variable Cost Cartons Selling Variable Cost Cartons Product Price per Carton Sold Price per Carton Sold Kostor $ 13.00 $ 8.50 147,000 $ 13,40 $ 9.30 151200 Limba $ 20.00 $ 12.50 63,000 $ 21.60 $ 12.80 37,800 Print Done CORRE AZAROL 09 74 Bente Sales variances - X Budgeted CM per unit x Actual units sold Kostor $ 4.50 SIS volume Static budget units sold = variance 147,000 ) = $ 18,900 F 63,000 $ 189,000 ) = U x 151,200 Limba $ 7.50 x 37,800 The total sales-volume variance is S 170,100 U Actual Budgeted sales-mix Budgeted qty all units sold ) 210,000 ) ( ( aty all units sold 189,000 % X Sales- Budgeted quantity CM per unit = variance 4,50 = $ 66,150 U Kostor 70 % X $ 210,000 ) 30 % X $ $ 47,250 7.50 U Limba 9,000 The total sales-quantity variance is $ 113,400 U Actual Budgeted sales-mix % ) x x ( Actual qty all units sold 189,000 sales-mix % - 80 x % - 70 % ) x $ Budgeted Sales-mix CM per unit variance 4.50 = $ 85,050 F $ 141.750 7.50 U $ 56,700U Kostor 20 % 30 %)$ Limba 189,000 The total sales-mix variance is udg ew Sales mix and contribution margin - X ew Budget for 2017 and Contribution Margin Sales Volume Sales Mix per Unit Contribution Margin 661,500 472,500 Kostor $ 4.50 $ in Units (Based on Units) 147,000 70 % 63,000 30 % 210,000 100 vari e the dolla entri Limba $ 7.50 1,134,000 Total Actual for 2017 Contribution Margin Sales Volume Sales Mix per Unit Contribution Margin $ 619,920 332,640 4.10 in Units (Based on Units) 151,200 80 % 37,800 20 % 189,000 100 % Kostor 8.80 Limba $ 952,560 Total Print Done are and market-size variances for Elsworth Inc. in 2017. (Calculate all variances in terms of contribution margin.Comment on the results GILE Calculate the market share variance for Elsworth Inc. in 2017. (Calculate the variance in terms of contribution margin) Begin by determining the formula for the market than variance, and then calculate the variance for Elsworth Ine for 2017 Label the variance as favourable (F) or unfavourable (U). (Entor percentage vas a decimal orded two places, X.XX. Enter all dollar values to three decimal places. Enter applicable units as whole numbers, notas millions. Round the variance to the nearest who Abbreviation used: CM = contribution margin) Actual Actual Budgeted Budgeted CM-composite unit Market share market size units X ( market share market share ) for budgeted mix variance X ) Elsworth Inc. prepared the budget for 2017 assuming a 35% market share based on total sales in the Midwest region of the United States (Click the icon to view the budgeted and actuat results.) (Click the icon to view the budgeted and actual sales mix and con Information) (Click the icon to view the sales variances.) Required Calculate the market share and market-size variances for Elsworth Inc. in 2017. (Calculate all variances in terms of contribution margin.) Comment on the re