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TV Timers, Inc What Is the Company's Market Share Variance?
A) $1,050 Favorable

Question 98

Multiple Choice

TV Timers, Inc., manufactures time control devices for TV's. The firm has the following operating data for its operations in July:  Actual market size 10,000 Budgeted market size 11,250 Actual market share 34% Budgeted market share 32% Budgeted average contribution margin $6 Actual average contribution margin $5.25\begin{array}{lr}\text { Actual market size } & 10,000 \\\text { Budgeted market size } & 11,250 \\\text { Actual market share } & 34 \% \\\text { Budgeted market share } & 32 \%\\\text { Budgeted average contribution margin }&\$6\\\text { Actual average contribution margin }&\$5.25\end{array} What is the company's market share variance?


A) $1,050 favorable.
B) $1,181 favorable.
C) $1,200 favorable.
D) $1,350 favorable.
E) $2,400 favorable.

Correct Answer:

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