Using the Abbreviations Listed Below, What Is the Market Share

question 52

Multiple Choice

Using the abbreviations listed below, what is the market share variance?
AMS = actual market share
BMS = budgeted market share
BCM = budgeted contribution margin per unit
ACM = actual contribution margin per unit
ATM = actual total market
BTM = budgeted total market

• A) (ATM − BTM) (BMS) (ACM)
• B) (ATM − BTM) (BMS) (BCM)
• C) (AMS −BMS) (ATM) (ACM)
• D) (AMS − BMS) (ATM) (BCM)

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Definitions:

Direct Labor Costs

The total cost of wages for employees who work directly on manufacturing a product or providing a service.

Indirect Labor Costs

Expenses related to labor that cannot be directly tied to a specific product or task, such as salaries of supervisors or maintenance staff.

Time Tickets

Time tickets are records used to track the amount of time an employee spends on various tasks or projects, often for billing or payroll purposes.

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor costs.