Question: Actual sales volume for the firm is below its budgeted sales volume. (a) Industry volume Market share Required: Find the missing amounts: (a) Actual

Actual sales volume for the firm is below its budgeted sales volume.

Actual sales volume for the firm is below its budgeted sales volume. (a) Industry volume Market share Required: Find the missing amounts: (a) Actual minus budgeted sales volume (b) Budgeted industry volume (c) Budgeted market share percent (d) Actual market share percent (e) Actual industry volume [1,150,000 units - (b)] 28% = 25,900 more units [(d) - (c)] (e) = 80,500 fewer units 54,600 fewer units units % % units

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