Budgeted Units Budgeted Sales Actual Units Actual Sales Power Lex 500 Ota Gas Sipper $10,000,000 $ 4,000,000 $8,000,000 $4,000,000 200 150 200 250 The budgeted contribution margin is 20% for both vehicle types. Which of the following statements is true concerning the sales variances for Lexota, Inc. for September, Year 2? a. The sales-volume variance for the company is favorable. b. The sales-quantity variance for the company is unfavorable. c. The budgeted variable cost for each vehicle type is the same. d. The sales-mix variance for the company is unfavorable.

Budgeted Units Budgeted Sales Actual Units Actual Sales Power Lex 500 Ota Gas Sipper $10,000,000 $ 4,000,000 $8,000,000 $4,000,000 200 150 200 250 The budgeted contribution margin is 20% for both vehicle types. Which of the following statements is true concerning the sales variances for Lexota, Inc. for September, Year 2? a. The sales-volume variance for the company is favorable. b. The sales-quantity variance for the company is unfavorable. c. The budgeted variable cost for each vehicle type is the same. d. The sales-mix variance for the company is unfavorable.

Name: Sales-volume, sales-mix, and sales-quantity variance. Lexota, Inc., an
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Description: Sales-volume, sales-mix, and sales-quantity variance. Lexota, Inc., an auto manufacturer, reported the following budgeted and actual sales of its vehicles during September, Year 2: Budgeted UnitsBudgeted SalesActual UnitsActual SalesPower Lex 500Ota

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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