Jackson, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed:

	Budget			Actual
Unit sales
Product X		27,000			60,000
Product Y		85,500			62,000
Unit contribution margin
Product X	$	4.80		$	3.90
Product Y	$	13.00		$	14.00
Unit selling price
Product X	$	13.00		$	14.00
Product Y	$	30.00		$	29.00

Industry volume was estimated to be 1,650,000 units at the time the budget was prepared. Actual industry volume for the period was 2,080,000 units. Jackson measures variances using contribution margin.

The market size variance is: (Round percentage answers to nearest whole percent and other values to 2 decimal places.)

Multiple Choice

• $188,330 favorable.

• $368,000 favorable.

• $332,003 favorable.

• $29,100 favorable.

• $191,010 favorable.