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I am struggling to understand this question would you please help me?
Leaf ltd has had mixed year. Its market share has improved 2% 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.
What is the level of actual sales?
The sales market size variance is?
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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