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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
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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 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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