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The market share variance is: (Round your intermediate calculations to 2 decimal places. Example: Round .147 to .15 or

The market share variance is: (Round your intermediate calculations to 2 decimal places. Example: Round .147 to .15 or

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please answer within the format by providing formula the detailed working
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O O O $85,700 unfavorable. $104,550 unfavorable. $195,500 unfavorable. $209,088 unfavorable. $255,600 unfavorable.
Transcribed Image Text:O O O $85,700 unfavorable. $104,550 unfavorable. $195,500 unfavorable. $209,088 unfavorable. $255,600 unfavorable.
Arrow, Incorporated, manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed: Unit sales Product X Product Y Unit contribution margin Product X Product Y Unit selling price Product X Product Y Budget 29,000 83,500 $ 4.80 $ 13.00 $ 13.00 $ 30.00 Actual 68,000 54,000 $ 3.90 $14.00 $14.00 $29.00 Industry volume was estimated to be 1,550,000 units at the time the budget was prepared. Actual industry volume for the period was 1,920,000 units. Arrow measures variances using contribution margin. The market share variance is: (Round your intermediate calculations to 2 decimal places. Example: Round .147 to .15 or 15%)
Transcribed Image Text:Arrow, Incorporated, manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed: Unit sales Product X Product Y Unit contribution margin Product X Product Y Unit selling price Product X Product Y Budget 29,000 83,500 $ 4.80 $ 13.00 $ 13.00 $ 30.00 Actual 68,000 54,000 $ 3.90 $14.00 $14.00 $29.00 Industry volume was estimated to be 1,550,000 units at the time the budget was prepared. Actual industry volume for the period was 1,920,000 units. Arrow measures variances using contribution margin. The market share variance is: (Round your intermediate calculations to 2 decimal places. Example: Round .147 to .15 or 15%)
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