Nappon Co. has two products named X and Y. The firm had the following master budget for theyear just completed:Product XProduct YTotalSales$260,000$360,000$620,000Variable Costs156,000180,000$180,000336, 000Contribution Margin$104,000$284,000Fixed costs130,000108,000238,000$ 46,000$ 72,000$ 60.00Operating Income (Loss)$(26,000)Selling Price per unit$ 130.00The following actual operating results were reported after the year was over:Product XProduct YTotal$202,500$467,500212,500$255,000Sales$670,000Variable Costs117,000$ 85,500140,000$(54,500)329, 500$340,500Contribution MarginFixed costs248,000$ 92,500108,000Operating Income (Loss)$147,000Units Sold1,5008,500The contribution margin sales volume variance for Product Y is:

Budgeted Units sold of Y = Sales of Y / Selling price per unit of Y = $360000/$60 = 6000 units…

Nappon Co. has two products named X and Y. The firm had the following master budget for the year just completed: Product X Product Y Total $260,000 156,000 $104,000 130,000 $(26,000) $ 130.00 $360,000 180,000 $180,000 108,000 $ 72,000 $ 60.00 $620,000 336, 000 $284,000 238,000 $ 46,000 Sales Variable Costs Contribution Margin Fixed costs Operating Income (Loss) Selling Price per unit The following actual operating results were reported after the year was over: Product X Product Y Total $202,500 117,000 $ 85,500 140,000 $(54,500) $467,500 212,500 $255,000 108,000 $147,000 8,500 $670,000 329, 500 $340,500 Sales Variable Costs Contribution Margin Fixed costs 248,000 $ 92,500 Operating Income (Loss) Units Sold 1,500 The contribution margin sales volume variance for Product Y is:

Nappon Co. has two products named X and Y. The firm had the following master budget for the year just completed: Product X Product Y Total $260,000 156,000 $104,000 130,000 $(26,000) $ 130.00 $360,000 180,000 $180,000 108,000 $ 72,000 $ 60.00 $620,000 336, 000 $284,000 238,000 $ 46,000 Sales Variable Costs Contribution Margin Fixed costs Operating Income (Loss) Selling Price per unit The following actual operating results were reported after the year was over: Product X Product Y Total $202,500 117,000 $ 85,500 140,000 $(54,500) $467,500 212,500 $255,000 108,000 $147,000 8,500 $670,000 329, 500 $340,500 Sales Variable Costs Contribution Margin Fixed costs 248,000 $ 92,500 Operating Income (Loss) Units Sold 1,500 The contribution margin sales volume variance for Product Y is:

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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