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Jaime Collections produces and sells two lines of jackets, nylon and leather. The market for nylon jackets is large and competitive, but the leather jacket

Jaime Collections produces and sells two lines of jackets, nylon and leather. The market for nylon jackets is large and competitive, but the leather jacket market has traditionally been small with only a few competitors. The operating budget for 2021 was as follows: Sales volume (units) Sales revenue Variable costs Nylon Jackets 95,000 $3,325,000 Leather Jackets 5,000 Total 100,000 $4,075,000 $750,000 517,500 2,161,250 $ 1,163,750 $ 232,500 2,678,750 $ 1,396,250 Contribution margin Actual results for the year were as follows: Sales volume (units) Sales revenue Variable costs Contribution margin Additional information: 93,500 16,500 110,000 $3,366,000 2,127,125 $1,238,875 $ 2,442,000 1,707,750 $ 5,808,000 $ 734,250 3,834,875 $1,973,125 Budgeted total market size for jackets of both types (units) Actual total market size for jackets of both types (units) Required: 500,000 610,000 Calculate for nylon and leather separately and for the company as a whole the following: (please use 4 decimal places for the most accurate response) 1. Calculate the sales volume variance 2. Calculate the sales quantity variance 3. Calculate the sales mix variance 4. Calculate the market size variance 5. Calculate the market share variance 6. Comment on the overall results

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