Answer the Following Questions Using the Information Below:
Bathurst Company

question 244

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-share variance?

• A)$800 F
• B)$1500 U
• C)$500 U
• D)$1100 F

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Definitions:

Lead Time

The total time it takes to complete a process from start to finish, often measured from the initiation to the delivery of a product or service.

Optimal Order Size

The ideal quantity of inventory to order that minimizes the total costs associated with ordering, carrying, and stockouts.

Annual Inventory Cost

The total expense associated with holding and managing inventory over the course of a year, including costs of storage, insurance, and loss due to decay.

Order Replenish

refers to the process of restocking goods or materials to ensure sufficient inventory levels are maintained, often in response to customer orders.