In 2019, the annual size of the smartphone market is 23 million units. Apple budgeted their...

In 2019, the annual size of the smartphone market is 23 million units. Apple budgeted their market share for the entire year at 40%. At the end of the year, market share of Apple turned out to be 39% while the market grew from 23 million units to 24 million units.

What is the market size variance for the whole year of 2018 when cost/price information is given as follows:

	Budgeted	Actual
Price per unit	$400	$450
Cost per unit	$200	$210
Contribution margin per unit	200	240

*Answer in millions of $

Solutions

Expert Solution

-----------------------------------------------------

Kindly hit Like button if you are satisfied with the answer.

For any Queries Kindly drop a comment.

ekkarill92 answered 11 months ago

Next > < Previous

Related Solutions

Samsung and Apple are the two main competitors in US smartphone market, with their main products...

Samsung and Apple are the two main competitors in US smartphone market, with their main products being, respectively, the Galaxy and the iPhone. Each year both companies release slightly updated versions of each product, and when these versions are released, they become more differentiated than their competing products. For this discussion, assume that Samsung just released a new version of the Galaxy, and it is now the most differentiated smartphone available (meaning it has the most unique features of any...

The smartphone market has been dominated by Apple, but recently the Droid has been able to...

The smartphone market has been dominated by Apple, but recently the Droid has been able to leverage Google’s information services into market gains while Blackberry, known for its se- cure business-oriented network, has attempted to become more attractive with a “friendlier” interface. At the same time, a number of less ca- pable fringe firms are emerging. How do these features fit into an industrial organization (IO) view of the market versus a resource-based view (RBV)?

XX company budgeted 10,000 units for production during 2019. It has capacity to produce 12,000 units....

XX company budgeted 10,000 units for production during 2019. It has capacity to produce 12,000 units. Fixed factory overhead is allocated to production. The following estimated costs were provided for 10,000 units: Direct material $ 70,000 Direct labor 300,000 Variable manufacturing overhead 40,000 Fixed factory overhead costs 50,000 Total $ 460,000 All fixed costs are unavoidable. XX received an offer from another company to manufacture the 10,000 units for $39, for the same quality. In this case, when XX compares...

Boston Pharmaceutical manufactures metal stents for heart patients and has budgeted sales (in units) for 2019...

Boston Pharmaceutical manufactures metal stents for heart patients and has budgeted sales (in units) for 2019 as follows: January: 50,000 February: 40,000 March 60,000 April: 50,000 May: 40,000 June: 60,000 July: 50,000 August: 40,000 Sept: 60,000 October: 50,000 Nov.: 40,000 Dec. 60,000 The company is in the process of preparing a production budget for 2019. Boston plans to maintain ending inventory levels equal to 10% of the following month's sales. The ending inventory at the end of 2018 was 5,000...

LL company budgeted 100,000 units for production during 2019. The following cost per unit information is...

LL company budgeted 100,000 units for production during 2019. The following cost per unit information is available: direct material = $5, direct labour = $10, variable manufacturing overhead = $4, variable selling per unit= $2. LL sells at $50 market price. It received a special order for 10,000 units from a new customer in a country in which LL has never done business. This customer has offered special order price at $22 per unit. If LL accepts the order, there...

The market value of Aardvark Corp. as of December 31, 2019 was $500 million. The firm’s...

The market value of Aardvark Corp. as of December 31, 2019 was $500 million. The firm’s current capital market structure is on target and is as follows: Debt: $150 mil Preferred Stock: $55 mil Common Stock: $295 mil Using data in the Wall St. Journal, the company’s bonds are calculated to have a nominal yield to maturity of 9.25%. The company’s preferred stock sells for $70 per share and pays an annual dividend of $7 per share. The company’s common...

A company plans to invest for a production plant. Annual production plan is 50 million units....

A company plans to invest for a production plant. Annual production plan is 50 million units. The investment at time 0 that is required for building the manufacturing plant is estimated as $600 million, and the economic life of the project is assumed to be 11 years. The annual total operating expenses, including manufacturing costs and overheads, are estimated as $125 million. The salvage value that can be realized from the project is estimated as $90 million. If the company’s...

Great Seneca Inc. sells $100 million worth of 23-year to maturity 6.50% annual coupon bonds. The...

Great Seneca Inc. sells $100 million worth of 23-year to maturity 6.50% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $985 for each $1,000 bond. The firm's marginal tax rate is 40%. What is the after-tax cost of capital for this debt financing?

In its 2019 annual report, Teal Mountain, Inc. reported inventory of $644 million on January 31,...

In its 2019 annual report, Teal Mountain, Inc. reported inventory of $644 million on January 31, 2020, and $554 million on January 31, 2019, cost of goods sold of $5,890 million for the year, and net sales of $7,240 million for the year. Compute Teal Mountain’s inventory turnover for the fiscal year 2019. (Round answer to 2 decimal places, e.g. 7.62.) Inventory turnover enter the inventory turnover in times rounded to 2 decimal places times Compute Teal Mountain’s average days...

The following graph shows the annual market for Florida oranges, which are sold in units of 99-pound boxes.

The following graph shows the annual market for Florida oranges, which are sold in units of 99-pound boxes. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. In this market, the equmbrlum price is _______ per box, and the equilibrium quantity of oranges...

Subjects