Business, 12.03.2021 18:30 Wemaybewrong

the Theta Corporation manufactures two types of air filters: the EVELYN for commercial building use and the EMILEE for residences. Budgeted and actual operating data for the year 2019 are as follows: Static budget EVELYN EMILEE Total Number sold 15,000 58,000 73,000 Contribution margin $3,750,000 $11,948,000 $15,698,000 Actual results EVELYN EMILEE Total Number sold 17,500 45,500 63,000 Contribution margin $6,212,500 $10,260,250 $16,472,750 Assume that Theta Corporation operates in Midwest market. The total Midwest market is expected to be 500,000 units in sales volume for 2019. The actual total Midwest market for 2019 was 450,000 units in sales volume. Required: Label all variances as either favorable (F) or unfavorable (UF) a. Calculate the total contribution margin for the flexible budget. b. Determine the total static-budget variance, the total flexible-budget variance, and the total sales-volume variance in terms of the contribution margin. c. Calculate the market-share and market size variances in contribution margin terms for the Theta Corporation for 2019.

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