What is the Western Company's market-size variance?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Answer the following question(s) using the information below:
Western Company manufactures remote control devices for garage doors. The following information was collect
Time le
during June:
Actual market size (units)
Actual market share
Actual average selling
price
Budgeted market size
(units)
10,000
32%
$10.00
11,000
30%
$11.00
Budgeted market share
Budgeted average selling
price
Budgeted contribution margin per
composite unit for budgeted
mix
O a. $1,600 F
O b. $1,500 F
c.
$1,500 U
d. $1,000 F
e. $500 U
$5.00
What is the Western Company's market-size variance?
Transcribed Image Text:Answer the following question(s) using the information below: Western Company manufactures remote control devices for garage doors. The following information was collect Time le during June: Actual market size (units) Actual market share Actual average selling price Budgeted market size (units) 10,000 32% $10.00 11,000 30% $11.00 Budgeted market share Budgeted average selling price Budgeted contribution margin per composite unit for budgeted mix O a. $1,600 F O b. $1,500 F c. $1,500 U d. $1,000 F e. $500 U $5.00 What is the Western Company's market-size variance?
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