The budgeted industry volume is 217.6 million units, and your company has market share of 0.25%. During the sales seaon, your company had an actual sales volume of 537831 units, and the industry had an actual sales volume of 249 million units. The following is apply to the sales your company made: Actual Budget Revenue: $2,470,000.00 $2,660,000.00 variable costs: $1,120,000.00 $1,220,000.00 fixed cost: $1,000,000.00 $1,050,000.00 Please prepare the market share variance and industry share variance

The budgeted industry volume is 217.6 million units, and your company has market share of 0.25%. During the sales seaon, your company had an actual sales volume of 537831 units, and the industry had an actual sales volume of 249 million units. The following is apply to the sales your company made: Actual Budget Revenue: $2,470,000.00 $2,660,000.00 variable costs: $1,120,000.00 $1,220,000.00 fixed cost: $1,000,000.00 $1,050,000.00 Please prepare the market share variance and industry share variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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