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Jarvis Co. manufactures RFID chips for electronic equipment. The following information was collected during June. Actual market size (units) 32,000 Budgeted market size (units) 20,000

  1. Jarvis Co. manufactures RFID chips for electronic equipment. The following information was collected during June.

    Actual market size (units) 32,000
    Budgeted market size (units) 20,000
    Actual market share 34%
    Budgeted market share 32%
    Budgeted selling price per unit $12.00
    Actual selling price per unit $10.50
    Budgeted cont.margin per unit $4.00
    Actual cont.margin per unit $3.00

    What is the company's market-share variance?

    $1,600 unfavourable

    $1,600 favourable

    $2,560 favourable

    $1,200 unfavourable

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