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The following information about Morgantown Avionics two Altimeter models is provided: Budgeted Actual Standard model sales in units 300 500 Customized model sales in units
The following information about Morgantown Avionics two Altimeter models is provided:
Budgeted | Actual | |
Standard model sales in units | 300 | 500 |
Customized model sales in units | 100 | 150 |
Total contribution margin | $1,700,000 | |
Budgeted average unit contribution margin | $4,250 |
Budgeted unit sales for the entire Motorcycle Choppers industry were 4,000 of all model types and actual unit sales for the industry were 4,600.
Calculate:
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Market share variance
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Market size variance
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