Variance analysis

Case 21.1 Campar Industries, Inc. This case is about variance analysis. The purpose of this case is to allow you to break down several different types of variance that might occur in a business. For each of the types of variance below, give a clear example using the numbers reported in the case. A margin variance caused by differences in price and volume A combination of volume, product mix, and margin variance. A materials mix variance A breakdown of variance effects on an income statement Please note that simply reporting the numbers is not an adequate solution: you have to explain how these different types of variance occur and affect the whole firm. In addition, you need to compare how the different divisions performed, using variances to explain the difference You need to clearly state how the firm performed as a whole.