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In last month's budget, a company anticipated selling 58134 units of its product, with total industry sales expected to be 2880192 units. The actual sales
In last month's budget, a company anticipated selling 58134 units of its product, with total industry sales expected to be 2880192 units. The actual sales level was just 48876 units with market share of 0.0116. The average sales price was $4.32, while the company had budgeted for $4.53. In addition, actual variable costs were $95196, while the budget had anticipated variable costs of $83223. Calculate la (round to 3 significant digits). Answer: 4210001 Calculate Sp (round to 3 significant digits). Answer: 0.0202 Calculate the market share variance (absolute value, round to whole number). Answer: Is the above variance favorable or unfavorable? Answer 2 for favorable and 1 for unfavorable
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