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Find the market-share variance and market-size variance

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Reference no: EM132808872

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:

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: EM132808872

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