Question: please answer the question quickly, within 20 minutes. 7-29 Market-Share and Market Size Variances. Rhaden Company produces sweat-resistant headbands for joggers. Information pertaining to Rhaden's

please answer the question quickly, within 20 minutes. 7-29 Market-Share and

please answer the question quickly, within 20 minutes.

7-29 Market-Share and Market Size Variances. Rhaden Company produces sweat-resistant headbands for joggers. Information pertaining to Rhaden's operations for May 2011 follows: Units sold Sales revenue Variable cost ratio Market size in units Actual 240,550 $3,412,140 69% 4,350,000 Budget 230,000 $3,300,000 65% 4,400,000 1. Compute the sales volume variance for May 2011. 2. Compute the market share and market-size variances for May 2011. 3. Comment on possible reasons for the variances you computed in requirement 2

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