Final answer:
The overall sales variance for Titanium Company for May is calculated by adding favorable variances and subtracting unfavorable variances. It equals $75 Favorable, meaning that the company performed $75 better than what was budgeted.
Step-by-step explanation:
The overall sales variance for Titanium Company for the month of May can be calculated by combining the individual variance components:
- Sales price variance: $250 F
- Sales volume variance: $300 U (Unfavorable)
- Market share variance: $125 F
To find the overall sales variance, we add the favorable variances and subtract the unfavorable variances. In this case, it would be: $250 F + $125 F - $300 U = $75 F (Favorable). This means that overall, Titanium Company's sales variances indicate that it performed $75 better than expected.