T-tech is a Taiwan based firm, which designs, develops, and sells audio equipment. Founded in 1975 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 in the following table: Home Audio System Division Jan. 2018 The Managing Director has sent you a copy of an email he received from the Sales Manager K. 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 ` 22,50,000 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 favourable Sales Margin Volume Variance of ` 23,75,000. I think I deserve a bonus! The managing Director has asked for your opinion on these figures. 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 5,000 W PMPO Systems and therefore could have maintained its market share.