Johnston Company (JC) sells two types of bicycles with details as follows for 2019- Mountain Road 96,000 8,400 1,200 968 170,000 34,000 1,600 1,258 $ $ $ $ Plan Expected total industry unit sales Budgeted JC unit sales Budgeted selling price per unit Budgeted variable costs per unit Actuals Actual total industry unit sales Actual 1 unit sales Actual selling price per unit Actual variable cost per unit $ $ 120,000 12,000 1,240 1,200 288,888 36,000 $ 1,575 $ 1,275 Required: 1. Calculate the budgeted contribution margin for each model. Budgeted Contribution Margin Selling price Variable costs Budgeted contribution margin per unit $ Mountain 1,200 968 232 Road 1.600 . 1.258 342 $ 2. Calculate the following variances: $ 420,000 a. Sales Price Variance b. Market Volume Variance c Market Share Variance d Sales Mix Variance e Sales Quantity Variance