Vaughn Inc. produces two models of beds: Regular and Majestic. Budget and actual data are as follows.

Question 1 Vaughn Inc. produces two models of beds: Regular and Majestic. Budget and actual data are as follows. Budget Actual Regular Majestic Regular Majestic Selling price per unit $282 $863 $341 $708 Variable costs per unit $234 $601 $254 $527 Sales volume in units 4,900 5,100 7,500 4,700 Master Budget Actual Sales revenue $5,783,100 $5,885,100 Variable costs 4,211,700 4,381,900 Contribution margin 1,571,400 1,503,200 Fixed costs 806,600 1,010,360 Operating income $764,800 $ 492,840 The expected total market sales were 500,000 beds. The actual total market sales were 718,000 beds. (a) Your answer is correct. Calculate the contribution margin sales volume variance. (Enter all amounts as positive.) Contribution margin sales volume variance 20000 Favourable SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Calculate the market size variance. (Enter all amounts as positive. Round intermediate calculations to 2 decimal places, Market size variance $