Could you please explain how to solve the following question.
Hudson has a sales budget of 400,000 units for the coming year based on 20% of the total market. On each unit, Hudson makes a profit of$3. Actual sales for the year were 450,000, but industry reports showed that the total market volume had been 2.2 million. (a) Find the traditional sales volume variance. (b) Split this into planning and operational variances (market size and market share). Comment on your results.