Teton Tent Company manufactures three models of camping tents: the Outfitter, the Reliable and the Caravan. The following are the company budget and the results of operations for the year.

Budget Outfitter Reliable Caravan

Sales-units30,00015,0005,000

Salesprice$180$220$250

Actual

Salesunits30,25022,0002,750

Sales-dollars$ 5,747,500$ 4,730,000$ 632,500

Industry volume was budgeted at 1,000,000 tents and Teton Tent estimated having 5% of the market. There were 1,375,000 tents sold in the market during the year and Teton's actual market share was 4%.

Required:

1.Calculate the overall revenue budget variance

2.Break the budget variance into sales-price and sales-volume(quantity) variances

3.Break the sales-volume (quantity) variance into sales-mix and sales-quantity variances

4.Extra Credit: Break the sales-volume (quantity) variance into thecombinedmarket-share andcombinedindustry-volume variances