Question
LGP produces computer hardware equipment. The following information was collected for the latest month: Actual market size (units) 42,000 Budgeted market size (units) 63,000 Actual
LGP produces computer hardware equipment. The following information was collected for the latest month:
| Actual market size (units) | 42,000 |
| Budgeted market size (units) | 63,000 |
| Actual market share | 28% |
| Budgeted market share | 25% |
| Actual selling price | $26.00 |
| Budgeted selling price | $27.00 |
| Budgeted CM per unit | $11.00 |
| Actual CM per unt | $19.00 |
What is the company's market-size variance?
Please round your variance to the nearest dollar, and do not use dollar signs. If the variance is favorable, please enter a positive value and if the variance is negative, please enter a negative value.
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
