Wheat IncHas an Exclusive Contract with an Exporter

question 9

Multiple Choice

Wheat Inc.has an exclusive contract with an exporter.Two brands of wheat are imported,labeled AB and CD.The following data are provided for the current fiscal year:
The total market was estimated to 40,000 bushels at the time of budget.The actual total market for the year is 32,000 bushels.
What is the firm's market share variance?

• A)$0.
• B)$560 favorable.
• C)$1,200 favorable.
• D)$1,225 favorable.
• E)$10,500 favorable.

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