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Martinez Sofas Inc. produces two models of sofas: Standard and Deluxe. Budget and actual data are as follows. Master budget Actual minimal model high-quality model
Martinez Sofas Inc. produces two models of sofas: Standard and Deluxe. Budget and actual data are as follows.
Master budget | Actual | |||
minimal model | high-quality model | minimal model | high-quality model | |
price per unit | 300 | 900 | 320 | 800 |
variable cost per unit | 220 | 590 | 238 | 583 |
unit sales | 4500 | 5500 | 7000 | 4900 |
Expected total market unit sales of mattresses:
Minimalist model 300,000; high-quality 200,000
Actual total market sales of beds:
Minimalist model 444,444; model 222,223
What are the following variances?
Sales price
market volume
market share
sales mix
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