Compute the market-share variance and market-size variance

Assignment Help Managerial Accounting

Reference no: EM132806884

Deep Cove Kayak sells sport water shoes and competition water shoes. For the summer 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:

Problem a. Compute the market-share variance and market-size variance. (Carry intermediate calculations to four decimal places)

Problem b. Compute the total sales-quantity variance

Reference no: EM132806884

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