Lau \& Lau, Limited of Hong Kong manufacture two products for the same market. Its budget and operating results for the year just completed follow: At the time of budget preparation, the budgeting department and sales department agreed that the industry volume for the year would likely be 1,500,000 units. Actual industry volume turned out to be 2,000,000 units. Required: 1. What is the average budgeted contribution margin per unit? 2. What is the sales volume contribution margin variance for each product? 3. What is the sales mix contribution margin variance for each product? 4. What is the sales quantity contribution margin variance for each product? At the time of budget preparation, the budgeting department and sales department agreed that the industry volume for the year would likely be 1,500,000 units. Actual industry volume turned out to be 2,000,000 units. Required: 1. What is the average budgeted contribution margin per unit? 2. What is the sales volume contribution margin variance for each product? 3. What is the sales max contribution marg in variance for each product? 4. What is the sales quantity contribution margin variance for each product? 5. What is the market size contribution margin variance? 6. What is the market share contribution margin variance? 7. What is the total fexible budget contribution margin variance? 8. What is the total variable cost price variance if the total conuibution margin price variance is $50,000 favorabie? 9. What is the total variable cost efficiency vatiance if the total contribition margin price variance is $50.000 favorable