Assume that sales quantity variance is $26,560 unfavourable, market share variance is $74,700 unfavourable. Which of the following statements is TRUE? A) Actual market size is lower than budgeted market size. B) Actual market size is higher than budgeted market size. C) Actual market share is higher than budgeted market share. D) None of these answers is correct.
Assume that sales quantity variance is $26,560 unfavourable, market share variance is $74,700 unfavourable. Which of the following statements is TRUE? A) Actual market size is lower than budgeted market size. B) Actual market size is higher than budgeted market size. C) Actual market share is higher than budgeted market share. D) None of these answers is correct.
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 10MC: When is the material quantity variance favorable? A. when the actual quantity used is greater than...
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Assume that sales quantity variance is $26,560 unfavourable, market share variance is $74,700 unfavourable. Which of the following statements is TRUE?
A) Actual market size is lower than budgeted market size.
B) Actual market size is higher than budgeted market size.
C) Actual market share is higher than budgeted market share.
D) None of these answers is correct.
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