LGP produces computer hardware equipment. The following information was collected for the latest month: Actual market size
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Question:
LGP produces computer hardware equipment. The following information was collected for the latest month:
| Actual market size (units) | 32,000 |
| Budgeted market size (units) | 20,000 |
| Actual market share | 40% |
| Budgeted market share | 28% |
| Actual selling price | $32.00 |
| Budgeted selling price | $21.00 |
| Budgeted CM per unit | $11.00 |
| Actual CM per unt | $15.00 |
What is the company's market-share variance?
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