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the chair company manufactures two modular types of chares: the henley and the boca. both chairs are sold iwthin the same home furnishing market. budgeted

the chair company manufactures two modular types of chares: the henley and the boca. both chairs are sold iwthin the same home furnishing market. budgeted and actual operating data for the year 2 0 2 2 are: stategic budget: number of chairs sold: henley 2 6 0 0 0 0 , boca 1 4 0 0 0 0 , total 4 0 0 0 0 0 contribution margin: henley 2 6 0 0 0 0 0 0 , boca 1 1 2 0 0 0 0 0 , total 3 7 2 0 0 0 0 0 actual results: number of chairs sold: henley 2 4 8 4 0 0 , boca 1 6 5 6 0 0 , total 4 1 4 0 0 0 contribution margin: henley 2 2 3 5 6 0 0 0 , boca 1 3 2 4 8 0 0 0 , total 3 5 6 0 4 0 0 0 the company prepared the 2 0 2 2 budget assuming a 2 0 % market share based on total sales in the midwest region of the unites states. this market share estimate included expected sales of both the henley and the boca. actual

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