Question: Winston Co. had two products code named X and Y. The firm had the following budget for August: Product XProduct YTotalSales$326,000$510,000$836,000Variable Costs204,000255,000459,000Contribution Margin$122,000$255,000$377,000Fixed costs50,000108,000158,000Operating Income$72,000$147,000$219,000Selling

Winston Co. had two products code named X and Y. The firm had the following budget for August:

Product XProduct YTotalSales$326,000$510,000$836,000Variable Costs204,000255,000459,000Contribution Margin$122,000$255,000$377,000Fixed costs50,000108,000158,000Operating Income$72,000$147,000$219,000Selling Price per unit$100$50

On September 1, the following actual operating results for August were reported:

Product XProduct YTotalSales$340,000$530,000$870,000Variable Costs187,000212,000399,000Contribution Margin$153,000$318,000$471,000Fixed costs50,000108,000158,000Operating Income$103,000$210,000$313,000Units Sold3,0009,000

Total industry volume for both products X and Y was estimated to be 134,600 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

$5,200 unfavorable.
$83,560 favorable.
$56,020 favorable.
$21,300 favorable.
$28,060 unfavorable.

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