T-tech is a Taiwan based firm that designs, develops and sells audio equipment. Founded by Mr. Boss, firm sells its products throughout the world. T-tech is best known for its home audio systems and speakers, noise cancelling headphones, professional audio systems and automobile sound systems. Extracts from the budget are shown below: Home Audio System Division Jan2018 The Managing Director has sent you a copy of an email he received from the sales Manager. The content of the email are as follows: "We have had an outstanding month. There was an adverse Sales Price Variance on the 3,000 W PMPO Systems of 2,250,000 but I compensated for that by raising the price of 5,000 W PMPO Systems. Unit sales of 3,000 W PMPO Systems were as expected but sales of the 5,000 W PMPOs were exceptional and gave a Sales Margin Volume Variance of 2,375,000. I think II deserve a bonus! The managing Director has asked for your opinion on these figures. You got the following information: Actual Results for Jan 2018 were: The total market demand for 3,000 W PMPO Systems was as budgeted but as a result of suppliers reducing the price of supporting UHD TV System the total market for 5,000 W PMPO Systems raised by 50% in Jan 2018. The company had sufficient capacity to meet the revised market demand for 750 units of its 5,000W PMPO Systems and therefore maintained its market share. Required: 1) Calculate the following Operational variances based on the revised market detalls: Sales Margin Mix variance Sales Margin Volume Variance 2) Comment briefly on the measurement of the manager's performance T-tech is a Taiwan based firm that designs, develops and sells audio equipment. Founded by Mr. Boss, firm sells its products throughout the world. T-tech is best known for its home audio systems and speakers, noise cancelling headphones, professional audio systems and automobile sound systems. Extracts from the budget are shown below: Home Audio System Division Jan2018 The Managing Director has sent you a copy of an email he received from the sales Manager. The content of the email are as follows: "We have had an outstanding month. There was an adverse Sales Price Variance on the 3,000 W PMPO Systems of 2,250,000 but I compensated for that by raising the price of 5,000 W PMPO Systems. Unit sales of 3,000 W PMPO Systems were as expected but sales of the 5,000 W PMPOs were exceptional and gave a Sales Margin Volume Variance of 2,375,000. I think II deserve a bonus! The managing Director has asked for your opinion on these figures. You got the following information: Actual Results for Jan 2018 were: The total market demand for 3,000 W PMPO Systems was as budgeted but as a result of suppliers reducing the price of supporting UHD TV System the total market for 5,000 W PMPO Systems raised by 50% in Jan 2018. The company had sufficient capacity to meet the revised market demand for 750 units of its 5,000W PMPO Systems and therefore maintained its market share. Required: 1) Calculate the following Operational variances based on the revised market detalls: Sales Margin Mix variance Sales Margin Volume Variance 2) Comment briefly on the measurement of the manager's performance