Answer the Following Questions Using the Information Below:
Bathurst Company

question 65

Multiple Choice

Answer the following questions using the information below:
Bathurst Company manufactures remote control devices for garage doors.The following information was collected during June:
$$\begin{array} { l r } \text { Actual market size (urits) } & 10000 \\\text { Actual market share } & 32 \% \\\text { Actual average selling price } & \$ 10.00 \\\text { Budgeted market size (units) } & 11000 \\\text { Budgeted market share } & 30 \% \\\text { Budgeted average selling price } & \$ 11.00 \\\text { Budgeted contribution margin per } & \\\text { composite unit for budgeted mix } & \$ 4.00\end{array}$$
-What is the market-size variance?

• A)$1600 F
• B)$1200 U
• C)$1000 F
• D)$500 U

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Definitions:

Error Variance

Pertains to the variation within experimental data that cannot be attributed to the variables being studied, essentially representing noise in the data.

Quasi-Experimental Designs

Research designs that seek to establish causal relationships between variables but lack the full control or random assignment typical of true experiments.

Selection Criteria

The specific guidelines or requirements used to determine which individuals or cases are included or excluded from a study or analysis.

Initial Groupings

The preliminary categorization or division of subjects, items, or variables based on specific criteria at the start of a study or analysis.