Grouse Corporation manufactures two types of backpacks, the Osprey for multi-day trips and the Falcon for daytrip. Budgeted and actual operating data for the year are as follows: Static Budget Number sold Osprey 20,000 Contribution margin $5,500,000 Falcon 45,000 $9,000,000 Total 65,000 $14,500,000 Actual Results Osprey Falcon Total Number sold 48,000 Contribution margin $9,960,000 70,000 $16,010,000 22,000 $6,050,000 Prior to the beginning of the year, a consulting firm estimated the total volume for backpacks of the Osprey and Falcon category to be 305,000 units, but actual industry volume was 5% higher than the estimate.