Question: Please look at picture for problem F ezto.mneau Help Save & Exit Chapter 16 Test Saved Winston Co. had two products code named X and
Please look at picture for problem

F ezto.mneau Help Save & Exit Chapter 16 Test Saved Winston Co. had two products code named X and Y. The firm had the following budget for August Product X Product Y. Total Sales $396, 000 $580, 000 $976, 000 Variable Costs 218, 060 290, 900 508, 000 Contribution Margin $178, 000 $ 290, 000 $468, 900 00:41:00 Fixed costs 50, 000 108, 000 158, 000 Operating Income $128, 000 $182, 000 $310, 000 Selling Price per unit $ 100 $ 50 On September 1, the following actual operating results for August were reported: Product X Product Y Total Sales $410, 000 $ 600, 000 $1, 010, 000 Variable Costs 226, 000 240, 000 466, 000 Contribution Margin $184, 000 $ 360, 000 $ 544, 900 Fixed costs 50, 000 108, 000 158, 090 Operating Income $134, 000 $252, 000 $ 386, 000 Units Sold 3, 000 9, 090 Total industry volume for both products X and Y was estimated to be 155.600 units at the time of the budget. Actual industry volume for the period for products X and Y was 100.000 units. The firm's market share variance for the period is: (Round percentage answers and other values to 2 decimal places.) Multiple Choice O $60.160 favorable Mc Graw
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
