Question: Winston Co. had two products code named X and Y. The firm had the following budget for August: Product X Product Y Total Sales $
Winston Co. had two products code named X and Y. The firm had the following budget for August:
| Product X | Product Y | Total | ||||||||||
| Sales | $ | 304,000 | $ | 538,000 | $ | 842,000 | ||||||
| Variable Costs | 200,640 | 225,960 | 426,600 | |||||||||
| Contribution Margin | $ | 103,360 | $ | 312,040 | $ | 415,400 | ||||||
| Fixed costs | 8,000 | 100,000 | 108,000 | |||||||||
| Operating Income | $ | 95,360 | $ | 212,040 | $ | 307,400 | ||||||
| Selling Price per unit | $ | 100 | $ | 50 | ||||||||
On September 1, the following actual operating results for August were reported:
| Product X | Product Y | Total | ||||||||||
| Sales | $ | 363,600 | $ | 549,000 | $ | 912,600 | ||||||
| Variable Costs | 199,500 | 220,500 | 420,000 | |||||||||
| Contribution Margin | $ | 164,100 | $ | 328,500 | $ | 492,600 | ||||||
| Fixed costs | 54,500 | 112,500 | 167,000 | |||||||||
| Operating Income | $ | 109,600 | $ | 216,000 | $ | 325,600 | ||||||
| Units Sold | 3,000 | 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 Y is: (Round your sales mix percentage to whole percentage.)
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