4 CHAPTER 17 (15 marks) Answer the following questions using the information below: The Chopper Corporation manufactures two types of lithium-battery weed trimmers, the Super model for commercial landscaping business use and the Economy model for residential use. Budgeted and actual operating data for the year 2021 were as follows: Static Budget Number to be sold Super 5,000 Contribution margin $1,500,000 Economy 20,000 $3,000,000 Total 25,000 $4,500,000 Actual Results Number sold Super 4,000 Contribution margin $1,280,000 Economy 28,000 $3,920,000 Total 32,000 $5,200,000 Prior to the beginning of the year, a consulting firm estimated the total volume for lithium- battery weed trimmers to be 250,000 units, but actual industry volume was 256,000 units sold in 2021. Required: Option 1 - The following Template chart is provided for your convenience to show your work for the following questions or you can use Option 2 by using formulas in the space provided in each question to show your work. Do not use both methods. Flexible Budget: Actual Units of All Trimmers Sold x Actual Sales Mix x Budgeted Contribution Margin per Unit Actual Units of All Trimmers Sold x Budgeted Sales Mix x Budgeted Contribution Margin per Unit Static Budget: Budgeted Units of All Trimmers Sold Budgeted Sales Mix x Budgeted Contribution Margin per Unit 1) What is the total sales-quantity variance for Chopper Corporation in terms of the contribution margin? (3 marks - 1 for correct answer and 2 marks for showing correct work) 2) What is the total sales-mix variance for Chopper Corporation in terms of the contribution margin? (3 marks -1 for correct answer and 2 for showing work) 3) What is the total sales-volume variance for Chopper Corporation in terms of the contribution margin? (3 marks - 1 for correct answer and 2 marks for showing work) 4) What is the market-size variance for Chopper Corporation in terms of the contribution margin? (3 marks -1 for correct answer and 2 for showing work) 5) What is the market-share variance for Chopper Corporation in terms of the contribution margin? (3 marks - 1 for correct answer and 2 for showing work)