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Question 4 (10 marks) The Chair Company manufactures two modular types of chairs; one for the residential market, and the other for the office market. Budgeted and actual operating data for the past year are: The industry volume for residential and office chairs of the type sold by the Chair company had been estimated at 2,400,000. Actual industry volume for the year was 2,200,000 chairs. Required: a. Compute the sale-mix variance for the office chair. b. Compute the sales- quantity variance for the Home chair