Glendale Valves offers three types of 3 inch valves for sale to retailers: Ball Valves, Butterfly (B.Fly) Valves and Foot Valves. Actual and Budget operating data by product for the most recent reporting period are as follows:

ACTUAL BUDGET BUDGET

Ball B.Fly Foot Ball B.Fly Foot

Sales-# valves 45,220 71,400 121,380 57,500 87,500 105,000

Sales Price per valve $449 $190 $125 $450 $200 $120

VC per valve $288 $142 $95 $290 $140 $90

a. Calculate the sales-mix variance for each product and in total.

b. Calculate the sales-quantity variance for each product and in total.

c. Provide an explanation for the primary driver of the sales-mix variance

Continuing with the Glendale Valves data in the previous problem, assume Glendale budgeted a 16.0% share of total valve product sales in the local market. Reliable industry data indicates that the actual total number of valves sold in the same period was 1,190,000.

a. Glendale's market share variance based on contribution margin for the period is:

b. Glendale's market size variance based on contribution margin for the period is: