The Next Year's Budget for Alton,Inc At the End of the Year,the Total Fixed Costs and

The next year's budget for Alton,Inc. ,is given below:

$$\begin{array} { | l | r | r | } \hline & \text { Procuct 1 } & \text { Procuct 2 } \\\hline \text { Sales } & \$ 945,000 & \$ 688,500 \\\hline \text { Variable costs } & 459,900 & 297,000 \\\hline \text { Fixed costs } & 300,000 & \underline { 300,000 } \\\hline \text { Net income } &\underline{ \$ 185,100} &\underline{ \$ 91,500} \\\hline \text { Units } & 126,000 & 54,000 \\\hline \text { Market share } & 12 \% & 20.0 \% \\\hline\end{array}$$ At the end of the year,the total fixed costs and the variable costs per unit were exactly as budgeted,but the following units per product line were sold: $$\begin{array} { | c | r | r | r | } \hline \text { Product Line } & \text { Units } & \text { Sales } & \text { Mkt share } \\\hline 1 & 126,200 & \$ 958,579 & 16.0 \% \\\hline 2 & 56,800 & \$ 721,010 & 14.2 \% \\\hline\end{array}$$
Required:
(Be sure to indicate whether the variance is favorable or unfavorable. )
a.Compute the sales activity variance for each product.b.Compute the market share variance for each product.c.Compute the industry volume variance for each product.