Sasquatch Publishers sells hardcover and softcover books. For January the following information is available:

Hardcover Softcover

Actual market size 200,000 400,000

Budgeted market size 250,000 300,000

Actual market-share 38% 36%

Budgeted market-share 36% 32%

Budgeted cont. margin $2.40 $1.00

Actual average selling price $14.00 $6.50

Required: (5)

a. Compute the market-share variance and market-size variance. (Carry intermediate calculations to four decimal places) (4)

b. Compute the total sales-quantity variance. (1)