Question: Winston Co. had two products code named X and Y. The firm had the following budget for August: Sales Variable costs Contribution Margin Fixed Costs

Fixed Costs Operating income Selling Price per unit Product Product Y Total

$286.000 520,000 $806.000 199 800 218 400 408.200 $96.200 $301600 $397,800 50.000

100.000 158.000 $46,200 $193.600 $239.800 $110.00 $50.00 On September 1, the following

Winston Co. had two products code named X and Y. The firm had the following budget for August: Sales Variable costs Contribution Margin Fixed Costs Operating income Selling Price per unit Product Product Y Total $286.000 520,000 $806.000 199 800 218 400 408.200 $96.200 $301600 $397,800 50.000 100.000 158.000 $46,200 $193.600 $239.800 $110.00 $50.00 On September 1, the following actual operating results for August were reported: Product X Product Yl Total Sales $360,000 $540,000 $900,000 Variable Costs 195.000 216.000 411000 Contribution Margin $165,000 $324.000 $489.000 Fixed Costs 50.000 10800 15800 Operating income $115.000 $216.000 $331000 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 contribution margin sales volume variance for Product X IS: Multiple Choice $12.200 favorable. $8.300 favorable. $12.200 unfavorable. $6,600 unfavorable. $14,800 favorable. eeeeeeeeeeee The sales mix variance for Product X IS: Multiple Choice $43,600 favorable. $43.600 unfavorable. $22.200 favorable. $23.200 unfavorable. $7.400 unfavorable. The sales quantity variance for Product X IS: Multiple Choice $45,350 favorable. $43.500 favorable $6.500 favorable. $23.200 favorable. $7.400 unfavorable. The selling price variance for Product X is: Multiple Choice $30,000 unfavorable. SO. $75.000 unfavorable. $15.000 favorable. $30,000 favorable

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