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User Best Motor Works is a maker of high - end automobiles. Their revenues in the most recent fiscal year were $ 5 , 3

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Best Motor Works is a maker of high-end automobiles. Their revenues in the most recent fiscal year were $5,300 million Euros and they spent $1,400 million Euros on non-marketing related fixed costs. Their average variable cost per vehicle was $16,200 Euros per vehicle. Fixed marketing costs totaled $720 million Euros. The company had planned to achieve a net marketing contribution of $2,600 million Euros, and their actual fixed marketing expenditures were only 93% percent of their planned marketing expenditures. They also achieved an average margin of 37% percent per vehicle in the most recent fiscal year which was 2 percentage points higher than planned. The company also reported that their actual price was the same as their planned price.
Given the following, What is the marketing expenditures variance (in millions of Euros)?
nmcvar = $-1,359
ni = $-159
nmc = $1,241
grmargin = $1,961
unitsales =206,113
avgprice = $25,714

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