Solution-Provide the market share variance

Provide the market share variance

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Reference no: EM132859606

Question - Your company is part of a large industry. The industry had sales volume of 206 million units last quarter. When setting the budget, you had anticipated industry volume of 229.2 million and market share of 0.3%. Your actual sales volume was 507461 units.

In addition, the following budget and actual amounts apply to the quarter for your business (all in $million).

	Budget	Actual
Revenue	2.47	2.66
Variable cost	1.12	1.22
Fixed cost	1.00	1.05

Required -

1) Provide the market share variance (absolute value, whole number of dollars, not in millions).

2) Now provide the industry volume variance (absolute value, whole number, not in millions of $).

Reference no: EM132859606

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Provide the market share variance

Reference no: EM132859606

Reference no: EM132859606

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