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Compute the market-share variance and market-size variance

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Reference no: EM132779251

Question - BC Surf Supplies Ltd. sells sport surfboard waxand competition surfboard wax. For the busy fall season the following information is available:

 

Competition

Sport

Actual market size

200,000

400,000

Budgeted market size

250,000

300,000

Actual market-share

38%

36%

Budgeted market-share

36%

32%

Budgeted cont. margin

$2.40

$1.00

Actual average selling price

$14.00

$6.50

Required -

a. Compute the market-share variance and market-size variance.

b. Compute the total sales-quantity variance.

Reference no: EM132779251

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