The Vargas Company Had the Following Expectations for the Year

question 116

Multiple Choice

The Vargas Company had the following expectations for the year:
$$\begin{array} { | l | r | } \hline \text { Total market for the product } & 175,000 \text { units } \\\text { XYZ's budgeted sales } & \$ 1,763,125 \\\hline \text { Variable costs per unit } & \$ 18.75 \\\hline \text { Selling price per unit } & \$ 32.50 \\\hline \text { Actual results for the year vere: } & \\\hline \text { Total market for the product } & 166,250 \text { units } \\\hline \text { XYZ's actual sales } & 56,525 \\\hline \text { Total Variable costs } & \$ 1,073,975 \\\hline \text { Total sales } & \$ 1,752,275 \\\hline\end{array}$$ What is Vargas' market share variance?

• A) $37,296.88.
• B) $40,906.25.
• C) $35,700.00.
• D) $32,550.00.

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Definitions:

Insulator

A material or device that prevents the passage of heat, electricity, or sound.

Amniotic Fluid

The protective liquid contained within the amniotic sac of a pregnant female, which surrounds and cushions the fetus.

Nourishment

The food or other substances necessary for growth, health, and good condition.

Yolk Sac

An extra-embryonic membrane that provides nutrition to the developing embryo in eggs and early stages of mammalian development.