Forever Corp. buys and sells two types of sunglasses in New York: Duma and Kool. Budgeted and actual results for $2020$ are as follows:

$($Click the icon to view the budgeted and actual results.$),($Click the icon to view the budgeted and actual CM$.)$

Forever Corp. prepared the budget for $2020$ assuming a $11\%$ market share based on total sales of $2,000,000$ units in New York. However, actual total sales volume in New York was $2,500,000$ units.

Requirement

Calculate the market$-$share and market$-$size variances for Forever Corp. in $2020.$ Calculate all variances in terms of contribution margin. Comment on the results.

Begin by calculating the actual and budgeted market share. $($Enter the market share as a whole number, X$\%.)$

Now calculate the budgeted CM per composite unit for budgeted mix for Forever Corp. in $2020.($Round your answer to two decimal places, $$xx.xx.)$

Calculate the market$-$share variance for Forever Corp. in $2020.$ Calculate all variances in terms of CM$.$

places except for units. Round your final answer to the nearest whole number. Enter all variances as positive numbers.$)$

Data table

Reference