witter Company manufactures a remote control device for home theaters. The following data were from the operating period just completed: Actual market size (units) 21,000 Budgeted market size (units) 20,000 Actual market share 10 % Budgeted market share 7 % Budgeted selling price per unit $ 46 Actual selling price per unit $ 41 Budgeted variable cost per unit $ 21 Actual variable cost per unit $ 9 What is the firm's market size variance? Multiple Choice $1,750 favorable. $590 favorable. $3,700 favorable. $4,150 favorable. $4,450 favorable.
witter Company manufactures a remote control device for home theaters. The following data were from the operating period just completed: Actual market size (units) 21,000 Budgeted market size (units) 20,000 Actual market share 10 % Budgeted market share 7 % Budgeted selling price per unit $ 46 Actual selling price per unit $ 41 Budgeted variable cost per unit $ 21 Actual variable cost per unit $ 9 What is the firm's market size variance? Multiple Choice $1,750 favorable. $590 favorable. $3,700 favorable. $4,150 favorable. $4,450 favorable.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 25E: Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000...
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witter Company manufactures a remote control device for home theaters. The following data were from the operating period just completed:
Actual market size (units) | 21,000 | |||
Budgeted market size (units) | 20,000 | |||
Actual market share | 10 | % | ||
Budgeted market share | 7 | % | ||
Budgeted selling price per unit | $ | 46 | ||
Actual selling price per unit | $ | 41 | ||
Budgeted variable cost per unit | $ | 21 | ||
Actual variable cost per unit | $ | 9 | ||
What is the firm's market size variance?
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