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Whimsey Widgets manufactures widgets in three models: deluxe, standard, and basic. The CEO has discovered that the total contribution margin came in lower than budgeted,

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Whimsey Widgets manufactures widgets in three models: deluxe, standard, and basic. The CEO has discovered that the total contribution margin came in lower than budgeted, and it is your responsibility to explain why actual results are different from the budget. Below is the data you will require: Model Deluxe Standard Basic Third Quarter, 2021, Budget Data USP UVC $261.80 $129.50 $190.40 $67.20 $100.80 $46.20 Volume 9,506 units 25,123 units 33,271 units Model Deluxe Standard Basic Third Quarter, 2021, Actual Data USP UVC $255.50 $122.50 $201.60 $65.80 $77.00 $52.50 Volume 7,084 units 22,540 units 34,776 units Required: 1. Compute the actual and budgeted contribution margins (per unit and in total) for the third quarter, 2021. 2. Calculate the actual and budgeted sales mix for the third quarter, 2021. 3. Calculate the total sales volume variance, the total sales mix variance, and the total sales quantity variance (in terms of contribution margin) for the third quarter, 2021. 4. Comment on the information provided by the variance analyses; be brief but thorough Whimsey Widgets manufactures widgets in three models: deluxe, standard, and basic. The CEO has discovered that the total contribution margin came in lower than budgeted, and it is your responsibility to explain why actual results are different from the budget. Below is the data you will require: Model Deluxe Standard Basic Third Quarter, 2021, Budget Data USP UVC $261.80 $129.50 $190.40 $67.20 $100.80 $46.20 Volume 9,506 units 25,123 units 33,271 units Model Deluxe Standard Basic Third Quarter, 2021, Actual Data USP UVC $255.50 $122.50 $201.60 $65.80 $77.00 $52.50 Volume 7,084 units 22,540 units 34,776 units Required: 1. Compute the actual and budgeted contribution margins (per unit and in total) for the third quarter, 2021. 2. Calculate the actual and budgeted sales mix for the third quarter, 2021. 3. Calculate the total sales volume variance, the total sales mix variance, and the total sales quantity variance (in terms of contribution margin) for the third quarter, 2021. 4. Comment on the information provided by the variance analyses; be brief but thorough

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