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Table Chairs Actual units sold 10,000 40,000 Budgeted sales 8,820 33,180 Actual selling price $800 $1,000 Budgeted selling price $790 $990 Budgeted market share 22%
Table Chairs Actual units sold 10,000 40,000 Budgeted sales 8,820 33,180 Actual selling price $800 $1,000 Budgeted selling price $790 $990 Budgeted market share 22% 23% Actual market share 19% 28% Budgeted variable cost 435 $ 555 Actual variable cost 430 $ 520 Show all your calculation. Marks will not be rewarded without workings.Indicate whether each variance is "Favourable" or "Unfavourable". 1 Calculate budget contribution margin (CM) for each product 2 Calculate actual contribution margin (CM) for each product 3 Calculate sales-volume variance 4 Calculate total sales-mix variance 5 Calculate total sales-quantity variance 6 Actual Market Size 7 Budger Market Size 8 Budgeted CM per composite unit 9 Market-share variance 10 Market-size variance
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