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19 points Save A Royal City Motors Royal City Motors sells cars and has two different models of their top selling vehicle. The Regular model is a gasoline vehicle and the Hybrid model is a gas electric battery vehicle. The company created a budget for 2020 for sales of each model. Budget Regular Hybrid Sales quantities 75 75 Selling price 30,000 40,000 Variable cost 22,500 30,000 At the end of the year, the sales department has asked you to analyze and explain the difference between the budgeted and the actual sales results. Actual Regular Hybrid Sales quantities 68 80 Selling price 29,850 40,150 Variable cost 22,500 30,000 Compute the following variances for Contribution Margin. Identify if the variance is Favourable or Unfavourable. 1. Compute the total contribution margin for each product and overall. 2. Compute the total or overall variance between the actual and budget contribution margin 3. Compute the Selling Price/Flexible Budget variance by product and overall. 4. Compute the Sales Volume variance by product and overall. 5. Compute the Sales Mix variance. 6 Compute the sales entitarianco O Type here to search m A a E ENG 2:00 PI 2021-03 hp Question Completion Status: : Less than half of the time remains. 2 3 A Moving to the next question prevents changes to this answer. Question 2 of 3 Question 2 5 points Save Answer Royal City Motors Budget Regular Hybrid Sales quantities (vehicles 75 75 For budget preparation purposes the organization used a target of 10% of the local new car sales market. 1. What is the size of the overall new car sales market? (quantity of cars) 2. The vehicle retailers industry association subsequently published the actual sales for the local market and overall sales were 1,488 cars. What was Royal City's actual market share. Round to 3 decimals (ex. 11.196) 3. Overall, was Royal City successful relative to its targets and budgets? Explain. 4. How many more cars would Royal City have had to sell to meet its budgeted market share target? 5. If Royal City had sold those additional cars (Regular models), what would their total actual contribution margin have been? Would Royal City have achieved their financial budget? For the toolbar, press ALT=F10 (PC) or ALT=FN+F10 (Mac). BI U s Paragraph Arial 14px A IK Scan To GO 03-23-....pdf Show all X O Type here to search ENG 2:46 PM 2021-03-23 hp

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