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Folsom Fashions sells a line of women's dresses. The company uses flexible budgets to analyze its performances. The firm's performance report for November is presented
Folsom Fashions sells a line of women's dresses. The company uses flexible budgets to analyze its performances. The firm's performance report for November is presented below: Dresses sold Sales Variable costs Contribution margin Fixed costs Operating income Actual 5,000 $235,000 145,000 $ 90,000 84,000 $ 6,000 Budget 6,000 $300,000 180,000 $120,000 80,000 $ 40,000 What additional information would be needed for Folsom to calculate the dollar impact of changes in market share on November's operating income? Multiple Choice Folsom's budgeted market share and the budgeted total market size. Folsom's budgeted market share, the budgeted total market size, and average market selling price. Folsom's budgeted market share and the actual total market size. Folsom's actual market share and the actual total market size. There is no information that would make such a calculation possible
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