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Lethbridge Swivel Chairs, Inc., manufactures and sells two models of executive chairs: Economy and Deluxe. In the master budget, the Economy model has a contribution

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Lethbridge Swivel Chairs, Inc., manufactures and sells two models of executive chairs: Economy and Deluxe. In the master budget, the Economy model has a contribution margin of $48 per unit, while the Deluxe model contributes $76.35 per unit. The master budget called for sales of 28,000 Economy chairs and 13,800 Deluxe chairs during the current year. Actual results showed sales of 27,600 Economy chairs with a contribution margin (actual sales price minus budgeted variable costs) of $48.50 per unit and 14,600 Deluxe chairs with a contribution of $75.80 per unit. REQUIRED: Compute the sales price, sales mix, and sales quantity variances for each type ofchair and for the company in total based on the above data

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