Obj. 5Select Audio Inc. sells electronic equipment. Management decided early in the year to reduce the EXCEL TEMPLATE price of the speakers in order to increase sales volume. As a result, for the year ended December 31, the sales increased by $31,875 from the planned level of $1,048,125. The following information is available from the accounting records for the year ended December 31. Actual Planned Increase or (Decrease) Sales $1,080,000 $1,048,125 $31,875 Number of units sold 36.000 32,250 3.750 Sales price $30.00 $32.50 S (2.50) Variable cost per unit $10.00 $10.00 SO Prepare an analysis of the sales quantity and unit price factors. ANSWER! Did the price decrease generate sufficient volume to result in a net increase in contribution margin if the actual variable cost per unit was $10, as planned? Saved Search (Option + Q] el WRD FinMan 14e_EX 2... Review View Automate Help Data Open in Desktop App Formulas Home Insert 00 vale Number B Ivar Av 10 fx 36000 H G I j K D Select Audio Inc. Contribution Margin Analysis Sales For the Year Ended December 31 Effect of change in sales: Sales quantity factor Unit price factor Total effect of change in sales $ 121,875 (90,000) 31,875 Difference in sales quantity Planned sales price Sales quantity factor 3,750 $32.50 $ 121,875 Difference in sales price Actual units sold Sales quantity factor $31,875.00 36,000 $ 31,875 9 30 31 . 32 33 34 35 Key essay answer here) 37 BB. 20(6)-17 Workbock States