MercyCO, Inc., produces and sells two types of educational equipment.
Budgeted and actual data is as follows:
Budgeted Values:
Regular Model
Budgeted Price	10	$
Budgeted Unit	1,500	units
Budgeted variable expenses	9,000	$
Deluxe Model
Budgeted Price	50	$
Budgeted Unit	500	units
Budgeted variable expenses	17,500	$
Actual Values:
Regular Model
Actual Price	10	$
Actual Unit	1250	units
Actual variable expenses	7500	$
Deluxe Model
Actual Price	50	$
Actual Unit	625	units
Actual variable expenses	21875	$
Please answer the following items. Please clearly identify your final answers. Include your calculations for partial credit.
1. Calculate the contribution margin variance and contribution margin volume variance
2. Calculate the budgeted average unit contribution margin
3. Calculate the sales mix variance