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TV Timers, Inc., manufactures time control devices for TV's. The firm has the following operating data for its operations in July: Actual market size 15,000 Budgeted market size 16,900 Actual market share 34% Budgeted market share 32% Budgeted average contribution margin$6.25 Actual average contribution margin$5.00
Problem 1: What is the company's market size variance?
Option 1: 1,900 unfavorable. Option 2: $3,715 unfavorable. Option 3: $3,500 unfavorable. Option 4: $4,230 unfavorable. Option 5: $3,800 unfavorable.
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