Y Z Y Task 3 (900 words equivalent) The budgeted sales for the Venicci Company for the most recent period were as follows: Product Quantity Contribution per unit () 90,000 (60%) 10 45,000 (30%) 25 15,000 (10%) 40 150,000 Actual sales quantities were: Product Quantity 68,000 45,000 22,000 135,000 The budgeted sales volume represented a 25% share of the expected market size. Actual industry sales were 482,000 units i.e. the company's actual market share was 135/482*100 = 28% (to the nearest %). Required: Calculate the following and to explain nature of the variance and whether it is favourable or unfavourable: Sales volume variance Sales quantity variance Sales mix variance Market size variance Market share variance Z a. b. C. d. e