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Compute the market-share variance and market-size variance

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Compute the market-share variance and market-size variance 1. The Omega Corporation manufactures two types of vacuum cleaners, the ZENITH for commercial building use and the House-Helper for residences. Budgeted and actual operating data for the year 20×3 are as follows: Static Budget ZENITH House-Helper Total Number sold 15,000 60,000 75,000 Contribution margin $3,750,000 $12,000,000 $15,750,000 Actual Results ZENITH House-Helper Total Number sold 16,500 38,500 55,000 Contribution margin $6,200,000 $10,200,000 $16,400,000 Prior to the beginning of the year, a consulting firm estimated the total volume for vacuum cleaners of the Zenith and House-Helper category to be 300,000 units, but actual industry volume was only 275,000 units. Required: Compute the market-share variance and market-size variance in terms of the contribution margin. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Compute the market-share variance and market-size variance

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