Answer the following question(s) using the information below: Wild Brush Company manufactures electric tooth bushes and had the following information for April Actual market size (units) 10,000 Actual market share 30% Actual average selling price $10.00 Budgeted market size (units) 11,000 Budgeted market share 32% Budgeted average selling price $11.00 Budgeted contribution margin per composite unit for budgeted mix $5.00 What is Wild Brush Company's market – size variance? O A. $1,000 F O B. $1,600 F OC. $1,500 F O D. $1,500 U O E. $1,600 U

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A:

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A:

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Q: text

A: Correct answer is A.

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.