Question
Given for E Enterprises: Budgeted industry volume in units: $5,500,000 Actual industry volume in units: $5,600,000 Budgeted market share: 16% Actual market share percentage:15% Budgeted
Given for E Enterprises:
Budgeted industry volume in units: $5,500,000
Actual industry volume in units: $5,600,000
Budgeted market share: 16%
Actual market share percentage:15%
Budgeted average unit contribution margin:$2
What is the market size variance? (State if it's favorable or unfavorable)
What is the market share variance?
What is the sales quantity variance?
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
