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TV Timers, Inc., manufactures time control devices for TV's. The firm has the following operating data for its operations in July:
Actual market size | 10,000 | |||
Budgeted market size | 11,250 | |||
Actual market share | 34 | % | ||
Budgeted market share | 32 | % | ||
Budgeted average contribution margin | $ | 6 | ||
Actual average contribution margin | $ | 5.25 | ||
What is the company's market share variance?
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