Question 1 (42 marks)

Aunty Jane Inc. operates a chain of cupcake stores. Budgeted and actual operating data for its three Ontario stores for the previous month are as follows:

Budgeted Data:

	Selling Price per kilogram	Variable Cost per Unit per kilogram	Sales volume in kilograms	Market Volume in kilograms
Chocolate	$4.85	$3.00	46,000	100,000
Vanilla	5.10	3.20	30,000	120,000
Strawberry	5.85	3.40	14,000	88,000
Red Velvet	6.10	3.50	6,000	65,000
Lemon	6.50	3.90	16,000	80,000

Actual Data:

	Selling Price per kilogram	Variable Cost per Unit per kilogram	Sales volume in kilograms	Market Volume in kilograms
Chocolate	$4.90	$3.10	58,000	120,000
Vanilla	5.30	3.40	18,000	140,000
Strawberry	5.80	2.80	9,600	80,000
Red Velvet	6.00	3.50	13,200	70,000
Lemon	7.00	4.20	23,400	75,000

Required

1. Calculate the sales-price variance for chocolate, strawberry, and lemon.
2. Calculate the sales-volume variance for vanilla, strawberry, and red velvet.
3. Calculate the sales-quantity variance for chocolate, vanilla, and strawberry.
4. Calculate the sales-mix variance for strawberry, red velvet, and lemon.
5. Calculate the market-volume variance for vanilla, strawberry, and red velvet.
6. Calculate the market-share variance for chocolate, strawberry, and lemon.