Your company is part of a large industry. The industry had sales volume of 206 million units last quarter. When setting the budget, you had anticipated industry volume of 229.2 million and market share of 0.3%. Your actual sales volume was 507461 units.

In addition, the following budget and actual amounts apply to the quarter for your business (all in $million).

BudgetActual

Revenue2.472.66

Variable cost1.121.22

Fixed cost1.001.05

1) Provide the market share variance (absolute value, whole number of dollars, not in millions).

2) Now provide the industry volume variance (absolute value, whole number, not in millions of $)