John Company manufactures three models of camping tents: the Out, the Rel and the Car. The following are the company budget and the results of operations for the year.

Budget Out Rel Car

Sales-units 30,000 15,000 5,000

Sales price $ 180 $ 220 $ 250

Actual

Sales-units 30,250 22,000 2,750

Sales-dollars $ 5,747,500 $ 4,730,000 $ 632,500

Industry volume was budgeted at 1,000,000 tents and John estimated having 5% of the market. There were 1,375,000 tents sold in the market during the year and John actual market share was 4%.

Required:

Calculate the overall revenue budget variance

Break the budget variance into sales-price and sales-volume(quantity) variances

Break the sales-volume (quantity) variance into sales-mix and sales-quantity variances

Break the sales-volume (quantity) variance into the combined market-share and combined industry-volume variances