Compute the market share and market size variances

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Question - Fruit Growers Company operate a chain of fruit stands in the country. Budgeted and actual operating data for its 12 fruit stands for September 2021 are as follows:

Budget for September 2021

Type of Fruit

Sell Price per KG

VC per KG

CM per KG

Sales Volume in KG

Bananas

4.50

2.50

2.00

45,000

Plums

5.00

2.70

2.30

25,000

Blueberries

5.50

2.90

2.60

10,000

Strawberries

6.00

3.00

3.00

5,000

Raspberries

6.50

3.40

3.10

15,000

Total




100,000

Actual for September 2021

Type of Fruit

Sell Price per KG

VC per KG

CM per KG

Sales Volume in KG

Bananas

4.50

2.60

1.90

57,600

Plums

5.20

2.90

2.30

18,000

Blueberries

5.50

2.80

2.70

9,600

Strawberries

6.00

3.40

2.60

13,200

Raspberries

7.00

4.00

3.00

21,600

Total




120,000

Fruit Growers Company attains a 10% market share based on total sales at fruit stands in the country. The total country market is expected to be at 1,000,000 kilograms in sales volume for September 2021. The actual total country market for September 2021 was 960,000 kilograms in sales volume.

Required - Compute the market share and market size variances for the company in September 2021. Don't forget to calculate your average budgeted CM.

Reference no: EM133157385

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