Question 4: Further Aspects of Budgeting and Variance Analysis (18 marks] Extrode limited produces and sales verities of sports drinks: Aquarode, Powerode and Staminode. Budgeted and actual data for April 2020 - September 2020 (6 months) are as follows: Product per box per box Budget for April-September 2020 Selling price Variable Boxed sold cost per box $12.00 $8.00 25,000 $8.00 $5.60 50,000 $14.00 $9.00 75,000 Actual for April - September 2020 Selling price Variable Boxed sold cost per box $12.40 $9.00 20,000 $7.50 $5.50 60,000 $13.60 $9.20 60,000 Aquarode Powerode Staminode Extorde Limited's marketing manager, Paula Harris, prepared her 6-months budget at the beginning of April assuming a 10% market share based on total sales. The total sports drink market was estimated to reach sales of 1.30 million boxes, however, actual sales volume was 1.0 million boxes. Required: Question 4.1 Calculate the total sales-volume variance, the total sales-quantity variance and the sales-mix variance in terms of the contribution margin. Show your workings. (6 marks) Your Answer: Sales-volume variance Sales-quantity variance Sales-mix variance Show your workings here (expand the space as required): Question 4.2 Calculate the market-size variance and market-share variance in terms of the contribution margin. Show your workings. (4 marks) Your Answer: Market-size variance Sales-share variance Show your workings here (expand the space as required): Question 4.3 Write a memo to the president explaining the possible causes of the variances you calculated above and suggested steps for future actions. (Word limit: 300 words. Note the word count at the end of your answer] (8 marks) Your Answer (expand the space as required): Word count =