The following graph is similar to that in Exhibit 17.4. It has been prepared for Longacre Parts.
Question:
The following graph is similar to that in Exhibit 17.4. It has been prepared for Longacre Parts.
Required
a. Industry volume variance.
b. Actual industry volume.
c. Budgeted market share.
d. Budgeted industry volume.
e. Actual market share.
Transcribed Image Text:
23,950 fewer units Industry volume Market share [(b) (d)] x (c) = (a) [(e) (12%)] x (1,030,000) = 25,750 fewer units -
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