Q – Distinguish between market share variance and market size variance. Criteria: Your answer to the topic should be in your own words.

Q – Distinguish between market share variance and market size variance.Criteria: Your answer to the topic should be in your own words. You may want to provide additional information from outside readings or other outside resources, if so, please provide your source or reference.Reference: Horngren, C. T., Datar, S.M., Foster, G., Rajan, M., & Ittner, C. (2009). Cost Accounting: A Managerial Emphasis (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

Distinguish between market share variance and market size variance.Answer:Market-size variance is the variance which takes into consideration the difference between thebudgeted contribution…