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The XYZ Company had the following expectations for the year: Total market for the product 180,000 units XYZ's budgeted sales $ 1,764,000 Variable costs per

The XYZ Company had the following expectations for the year:

Total market for the product

180,000

units

XYZ's budgeted sales

$

1,764,000

Variable costs per unit

$

19.00

Selling price per unit

$

35.00

Actual results for the year were:

Total market for the product

169,000

units

XYZ's actual sales

57,460

Total variable costs

$

1,080,725

Total sales

$

1,765,025

What is XYZ's approximate market share variance?

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