Mikes electronics manufactures tvs and dvdrs during april

Question

Mike's Electronics manufactures TVs and DVDRs. During April, the following activities occurred:

                                                                                                TVs         DVDRs

Budgeted units sold                                                     19,404           72,996

Budgeted contribution margin per unit                      $40                 $75

Actual units sold                                                          22,000           80,000

Actual contribution margin per unit                           $45                 $76

Required:

Compute the following variances in terms of the contribution margin.

a. Determine the total sales-mix variance.

b. Determine the total sales-quantity variance.

c. Determine the total sales-volume variance.