Contribution Margin Variance Iliff, Inc., produces and sells two types of countertop ovens-the toaster oven and the convection oven. Budgeted and actual data for the two models are shown below Budgeted Amounts: Total Toaster Convection Oven Oven Sales: $2,842,000 ($98 * 29,000) ($159 * 17,500) $2,782,500 670,000 $2,112,500 $5,624,500 1,185,000 $4,439,500 Variable expenses 515,000 Contribution margin $2,327,000 Actual Amounts: Toaster Convection Total Oven Oven Sales: ($84 25,500) ($163 * 12,000) $2,142,000 $1,956,000 721,200 $1,234,800 $4,098,000 1,256,400 $2,841,600 Variable expenses 535,200 $1,606,800 Contribution margirn Required 1. Calculate the contribution margin variance -Select your answer- 2. What if actual units sold of the convection oven decreased? How would that affect the contribution margin variance? Select your answer What if actual units sold of the convection oven increased? How would that affect the contribution margin variance? Select your