Question: Martinez Sofas Inc. produces two models of sofas: Standard and Deluxe. Budget and actual data are as follows. Master budget Actual minimal model high-quality model

Martinez Sofas Inc. produces two models of sofas: Standard and Deluxe. Budget and actual data are as follows.

Master budget Actual
minimal model high-quality model minimal model high-quality model
price per unit 300 900 320 800
variable cost per unit 220 590 238 583
unit sales 4500 5500 7000 4900

Expected total market unit sales of mattresses:

Minimalist model 300,000; high-quality 200,000

Actual total market sales of beds:

Minimalist model 444,444; model 222,223

What are the following variances?

Sales price

market volume

market share

sales mix

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