Cd For planning and control purposes, managers often compare planned and actual contribution margins. Variable costing is used as a basis for such analyses Af Examine the contribution margin data below, and then complete the Contribution Margin Analysis panel Saxon, Inc. Contribution Margin Data Schedule Actual Planned Sales $1,275,000 $1,190,000 Less variable cost of goods sold $476,000 $462,000 Less variable selling and administrative expenses 255,000 154,000 $731,000 $616,000 Total Contribution margin $544,000 $574,000 Number of units sold 17.000 14,000 Per unit: Sales price $75.00 $85.00 11 12 Variable cost of goods sold $28.00 $33.00 13 Variable selling and administrative expenses $15.00 $11.00 Contribution Margin Analysis After reviewing the data on the Contribution Margin Data panel, complete the contribution margin analysis below For those boxes in which you must enter subtracted or negative numbers use a minus Saxon, Inc. Contribution Margin Analysis Planned contribution margin 1 2 Effect of changes in sales Sales quantity factor Unit price factor Total effect of changes in sales Effect of changes in variable cost of goods sold Variable cost quantity factor Unit cost factor Total effect of changes in variable cost of goods sold 1Effect of changes in selling and administrative expenses Variable cost quantity factor 11 Unit cost factor 13 Total effect of changes in selling and administrative expenses Actual contribution margin 14