Question: CoursHeroTranscribedText Winston Co. had two products code named X and Y. The firm had the following budget for August: Product X Product Y Sales $320,000



Winston Co. had two products code named X and Y. The firm

CoursHeroTranscribedText

Winston Co. had two products code named X and Y. The firm had the following budget for August: Product X Product Y Sales $320,000 $554,000 Total $874,000 Variable Costs 211,200 232,680 443,880 Contribution Margin $108,800 $321,320 $430,120 Fixed costs 14,000 100,000 114,000 Operating Income $ 94,800 $221,320 $316,120 Selling Price per unit $ 100 50 On September 1, the following actual operating results for August were reported: Sales Product X Product Y $282,000 Variable Costs 98,700 Contribution Margin $183,300 Fixed costs Operating Income Units Sold 40,000 $143,300 3,000 Total $756,000 $1,038,000 302,400 401,100 $453,600 $ 636,900 100,000 140,000 $353,600 $ 496,900 9,000 Total industry volume for both products X and Y was estimated to be 130,000 units at the time of the budget. Actual industry volume for the period for products X and Y was 100,000 units. The sales quantity variance for Product X is: (Round your 'sales mix' percentage to the nearest whole percent.)

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