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I would like to request to explain following question from Kaplan and I did not find in your lecture? Kindly explain how to solve this question.
Thank you so much Sayar.
Best Regards,May
Question: Leaf Limited has had a mixed year. Its market share has improved two percentage points to 20% but the overall market had contracted by 5% in the same period. The budgeted sales were 504,000 units and standard contribution was $12 per unit.
1) What is Sales Market Size variance?
2) What Sales Market Share Variance?
3) What is the level of actual sales?See my replies to previous posts on this question:
https://opentuition.com/topic/mcq-leaf-limited/
https://opentuition.com/topic/market-share-and-market-size-variances-kaplan-q137q138/
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