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Jackson, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actua operating results for the year just completed: Budget Unit sales Product X Product Y Unit contribution margin Product X Product Y Unit selling price Product X Product Y . . . . . $97,620 unfavorable. $39,470 favorable. $141,590 favorable. $ $ $70,070 unfavorable. $81,670 unfavorable. $ $ 22,300 88,000 5.90 17.00 Industry volume was estimated to be 1,854,000 units at the time the budget was prepared. Actual industry volume for period was 2,470,000 units. Jackson measures variances using contribution margin. The total contribution margin sales volume variance of the period is: Multiple Choice 17.00 20.00 Actual 45,000 76,000 $ 3.30 $14.00 $14.00 $ 21.00

Jackson, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actua operating results for the year just completed: Budget Unit sales Product X Product Y Unit contribution margin Product X Product Y Unit selling price Product X Product Y . . . . . $97,620 unfavorable. $39,470 favorable. $141,590 favorable. $ $ $70,070 unfavorable. $81,670 unfavorable. $ $ 22,300 88,000 5.90 17.00 Industry volume was estimated to be 1,854,000 units at the time the budget was prepared. Actual industry volume for period was 2,470,000 units. Jackson measures variances using contribution margin. The total contribution margin sales volume variance of the period is: Multiple Choice 17.00 20.00 Actual 45,000 76,000 $ 3.30 $14.00 $14.00 $ 21.00

FINANCIAL ACCOUNTING
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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Jackson, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed: Budget Unit sales Product X Product Y Unit contribution margin Product X Product Y Unit selling price Product X Product Y . . . . . $ $ $97,620 unfavorable. $39,470 favorable. $141,590 favorable. $70,070 unfavorable. $81,670 unfavorable. $ $ 22,300 88,000 5.90 17.00 17.00 20.00 Industry volume was estimated to be 1,854,000 units at the time the budget was prepared. Actual industry volume for the period was 2,470,000 units. Jackson measures variances using contribution margin. The total contribution margin sales volume variance of the period is: Multiple Choice Actual 45,000 76,000 $ 3.30 $ 14.00 $14.00 $ 21.00
Transcribed Image Text:Jackson, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed: Budget Unit sales Product X Product Y Unit contribution margin Product X Product Y Unit selling price Product X Product Y . . . . . $ $ $97,620 unfavorable. $39,470 favorable. $141,590 favorable. $70,070 unfavorable. $81,670 unfavorable. $ $ 22,300 88,000 5.90 17.00 17.00 20.00 Industry volume was estimated to be 1,854,000 units at the time the budget was prepared. Actual industry volume for the period was 2,470,000 units. Jackson measures variances using contribution margin. The total contribution margin sales volume variance of the period is: Multiple Choice Actual 45,000 76,000 $ 3.30 $ 14.00 $14.00 $ 21.00
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