B Remember to SAVE your work C D QUESTION 3-REVENUE VARIANCE ANALYSIS-Version C (25 marks) ABC Co. manufactures widgets and has the following operating Information for the past year: Product Line Budget Unit Sales Budget Price A Budget CM 14,400 $95.00 $45.00 B 15,600 $65.00 $30.00 Total 30,000 Product Line Actual Unit Sales Actual Price Actual CM 1 A 12,600 $95.00 $42.00 2 B 18,900 $62.00 $28.00 3 Total 31,500 4 Industry volume was estimated at 200,000 widgets for the region. 5 Actual industry sales were 180,000 widgets for the year. 16 17 Required: (For each variance, state whether the variance is favorable or unfavorable.) 18 19 20 1. Calculate the sales volume variances for each of the product line and in total. (4 marks) 21 22 23 24 25 2. Calculate the sales mix variances for each of the product line and in total. (5 marks) 26 27 19 28 29 30 mmm 31 3. Calculate the sales quantity variance for the company. (5 marks) 32 33 34 35 36 37 567 4. Calculate market share and market size variances for the company as a whole. (7 marka). Q3 New...