Solved

Answer the Following Questions Using the Information Below:
the Tornado

Question 119

Multiple Choice

Answer the following questions using the information below:
The Tornado Dust Removers Corporation manufactures two vacuum cleaners,the Standard and the Supreme.The following information was gathered about the two products:
 Standard  Supreme  Bud geted sales in urits 40001000 Bud geted selling price $300$850 Bud geted contribution margin per unit $210$550 Actual sales in units 35001500 Actual selling price $325$840\begin{array} { l r r } & \text { Standard } & \text { Supreme } \\\text { Bud geted sales in urits } & 4000 & 1000 \\\text { Bud geted selling price } & \$ 300 & \$ 850 \\\text { Bud geted contribution margin per unit } & \$ 210 & \$ 550 \\\text { Actual sales in units } & 3500 & 1500 \\\text { Actual selling price } & \$ 325 & \$ 840\end{array}
-The market-share variance is the difference between:


A) actual market share and the budgeted market share.
B) actual market size in units and the budgeted market size in units.
C) budgeted contribution margin per composite unit for the actual mix and the budgeted contribution.margin per composite unit for the budgeted mix.
D) actual contribution margin and the budgeted contribution margin.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions