Happy Corp. buys and sells two types of sunglasses in New York: Duma and Kool. Budgeted and actual results for 2021 are as follows: (Click the icon to view the budgeted and actual results.) (Click the icon to view the budgeted and actual CM.) Happy Corp. prepared the budget for 2021 assuming a 16% market share based on total sales of 1,468,750 units in New York. However, actual total sales volume in New York was 2,675,000 units. Required Calculate the market-share and market-size variances for Happy Corp. in 2021. 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%.) Actual Budgeted New York sales units units Happy Corp. units units Market share % % Reference Selling (Budgeted) Price Variable Cost per unit CM per unit Units Sales Sold Mix CM Duma $ 22 $ 17 $ 5 98,700 136,300 42 % $ 58 493,500 1,226,700 Kool 23 14 9 235,000 100 1,720,200 Total % (Actual) Duma Selling Price Variable Cost CM per per unit unit Units Sold Sales Mix CM $ 24 $ 20 $ 4 Kool Total 28 17 11 94,160 119,840 44 % $ 56 376,640 1,318,240 214,000 100 1,694,880 Data table Product Selling Price Budget for 2021 Variable Cost per Unit Units Sold Selling Price Variable Cost per Unit Actual for 2021 Units Sold Duma $ 22 $ 17 98,700 $ 24 $ 20 94,160 Kool $ 23 $ 14 136,300 $ 28 $ 17 119,840 Print Done - X