Johnston Company (JC) sells two types of bicycles with details as follows for 2019:

Required:

1. Calculate the budgeted contribution margin for each model.

2.  Calculate the following variances:

a.  Sales price.

b.  Market volume.

c.  Market share.

d.  Sales mix.

e.  Sales quantity.

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Road Mountain Plan Expected total industry unit sales . . Budgeted JC unit sales .... Budgeted selling price per unit. Budgeted variable costs per unit. Actuals 96,000 170,000 34,000 $ 1,600 $ 1,258 8,400 $ 1,200 2$ 968 Actual total industry unit sales Actual JC unit sales.. ... Actual selling price per unit Actual variable cost per unit... 120,000 200,000 12,000 $ 1,240 $ 1,000 36,000 $ 1,575 $ 1,275