Question

The Badgers are a pro sports team.  The teams sells three different type of tickets: Deluxe, Lower level and upper level. Information from the prior year is as follows:

BUDGET:	Contribution Margin	Number of
	Per seat	Seats
deluxe	$          100	2,000
lower level	50	6,000
upper level	20	8,000
ACTUAL:	Contribution Margin	Number of
	Per seat	Seats
deluxe	$          110	2,200
lower level	50	6,200
upper level	20	8,400
Total Market Size
Budget	40,000
Actual	50,000

Required:

1. Calculate the Sales Volume Variance for each product.
2. Calculate the Sales Quantity Variance for each product.
3. Calculate the Market Share Variance in terms of contribution margin.
4. Calculate the Market Size Variance in terms of contribution margin.

Answer 1

Answer :