please avoid handwritten solution thanku Emcee Inc. is a manufacturer of fruit drinks in the Midwest region. It makes three different flavorsof fruit drinks (Mango, Papaya, and Pineapple). Emcee prepared the budget for 2017 assuming a20% market share based on total sales in the Midwest region of the United States of all fruit drinks.The total fruit drinks market was estimated to reach sales of 1.25 million cartons in the region.However, actual total sales volume in the Midwest region was 1.5 million cartons. In 2017, Emceesold 240,000 cartons of fruit drinks combined.The budgeted sales volume, prices, and variable costs of the 3 products are provided as under:SalesBudgetedSelling PriceBudgeted UnitVariable Cost(S/carton)BudgetedVolume(S/carton)MangoPapayaPineapple50.0057.0053.0045.2451.8646.55(in cartons)37,50087,500125,000Calculate the market-share and market size variances for Emcee Inc. in 2017. Comment onthe results.

Name: please avoid handwritten solution thanku Emcee Inc. is a manufacturer
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Description: please avoid handwritten solution thanku Emcee Inc. is a manufacturer of fruit drinks in the Midwest region. It makes three different flavorsof fruit drinks (Mango, Papaya, and Pineapple). Emcee prepared the budget for 2017 assuming a20% market share

1. Market Size Variance =Budgeted Market Share % × (Actual Market Sales Quantity in units – Budgeted…

Answered: Calculate the market-share and market…

Business

Accounting

Calculate the market-share and market size variances for Emcee Inc. in 2017. Comment on the results.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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