(Answered) Question - clean-it-up manufactures industrial dryers and

Accounting

Question - Clean-it-Up manufactures industrial dryers and washers. The following information is available for February

Budgeted units sold

Dryer 10,000

washers 40,000

Actual sales( in units)

Dryer 8,820

Washer 33,180

Actual selling price per unit

Dryer $700

Washer $900

Budgeted selling price per unit

Dryer $710

Washer $930

Budgeted market share

Dryer 20%

Washer 25%

Actual market share

Dryer 25%

Washer 24%

Budget cont. margin/unit

Dryer $275

Washer $375

Required:

A) Determine the sales mix and sales quantity variances.

B) Determine the market share and market size variances.

C) Discuss the potential causes of variance.

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