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Wheat Inc Has an Exclusive Contract with an Exporter

Question 32

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Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are imported, labeled AB and CD. The following data are provided for the current fiscal year:
Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are imported, labeled AB and CD. The following data are provided for the current fiscal year: The total market was estimated to 40,000 bushels at the time of budget. The actual total market for the year is 32,000 bushels. What is the firm's market share variance? A) $0. B) $560 favorable. C) $8,000 favorable. D) $1,225 favorable. E) $10,500 favorable.
The total market was estimated to 40,000 bushels at the time of budget. The actual total market for the year is 32,000 bushels.
What is the firm's market share variance?


A) $0.
B) $560 favorable.
C) $8,000 favorable.
D) $1,225 favorable.
E) $10,500 favorable.

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