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What market size variance for operating income for tesla was

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Question 1: Fusion Electric budgeted for the sale of 15,000 electric cars at a budgeted contribution margin of $1,000 per car. The forecast of 15,000 was based on an expected market size of 50,000 cars and a 30% market share. Fusion was able to gain an actual market share of 40% even though the overall market for electric cars shrank by 20%. The market size variance for operating income for Tesla was

Option 1: $1.5 Mn (unfavorable)

Option 2: $3.0 Mn (unfavorable)

Option 3: $1.5 Mn (favorable)

Option 4: $3.0 Mn (favorable)

Option 5: $4.0 Mn (favorable)

Option 6: $4.0 Mn (unfavorable)

Reference no: EM132529470

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