The XYZ Company had the following expectations for the year: ...
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Accounting
| The XYZ Company had the following expectations for the year: |
| Total market for the product |
| 180,000 | units |
| XYZ's budgeted sales | $ | 1,764,000 |
|
| Variable costs per unit | $ | 19.00 |
|
| Selling price per unit | $ | 35.00 |
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| Actual results for the year were: | |||
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| |||
| Total market for the product |
| 169,000 | units |
| XYZ's actual sales |
| 57,460 |
|
| Total variable costs | $ | 1,080,725 |
|
| Total sales | $ | 1,765,025 |
|
| What is XYZ's approximate market share variance? |
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