Answer the following questions using the information below:
Bathurst Company manufactures remote control devices for garage doors.The following information was collected during June:
$$\begin{array} { l r }
\text { Actual market size (urits) } & 10000 \
\text { Actual market share } & 32 \% \
\text { Actual average selling price } & \$ 10.00 \
\text { Budgeted market size (units) } & 11000 \
\text { Budgeted market share } & 30 \% \
\text { Budgeted average selling price } & \$ 11.00 \
\text { Budgeted contribution margin per } & \
\text { composite unit for budgeted mix } & \$ 4.00
\end{array}$$
-What is the market-share variance?

Question

Answer the following questions using the information below:
Bathurst Company manufactures remote control devices for garage doors.The following information was collected during June:
 $$\begin{array} { l r } 
\text { Actual market size (urits) } & 10000 \
\text { Actual market share } & 32 \% \
\text { Actual average selling price } & \$ 10.00 \
\text { Budgeted market size (units) } & 11000 \
\text { Budgeted market share } & 30 \% \
\text { Budgeted average selling price } & \$ 11.00 \
\text { Budgeted contribution margin per } & \
\text { composite unit for budgeted mix } & \$ 4.00
\end{array}$$
-What is the market-share variance?

Quizplus · Accepted Answer

Market-share variance is a measure used in variance analysis to determine the difference between the actual market share and the budgeted or planned market share, multiplied by the budgeted contribution margin. The "F" indicates a favorable variance, meaning the actual results were better than expected.

Answer the Following Questions Using the Information Below: Bathurst Company

Answer the Following Questions Using the Information Below:
Bathurst Company