Albury Corporation sold 121,500 units of its only product last period. It had budgeted sales of 120,000

Question:

Albury Corporation sold 121,500 units of its only product last period. It had budgeted sales of 120,000 units based on an expected market share of 30 percent. The sales activity variance for the period is $27,000 F. The industry volume variance was $270,000 F.

Required
a. What is the budgeted contribution margin per unit for the product?
b. What is the actual industry volume?
c. What was the actual market share for Albury?
d. What is the market share variance?

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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