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:

Sausage

A type of meat product usually made from ground meat, often pork, beef, or poultry, along with salt, spices, and other flavorings, encased in a skin.

Development Stage

A distinct phase in an individual or group's growth or development process, characterized by specific milestones or achievements.

Concrete Operational Stage

A stage in Piaget’s theory of cognitive development, from about 7 to 12 years, during which children gain the ability to think logically about concrete events.

Hypothetical Thinking

The ability to consider possibilities, scenarios, or outcomes that are not immediately present in the environment or have not yet occurred.