Q3 Hollaway Corporation has the following data for the current fiscal year: Actual Budget Sales Units Product X 25,000 94,000 Product Y 135,000 107,000 Total 160,000 201,000 Contribution Margin Product X $ 15.00 $ 14.00 Product Y $ 12.00 $ 11.00 The total sales mix variance for both products is: (Round your percentages to one decimal place. Example: Round .1447 to .145 or 14.5%.) Multiple Choice $409,760 unfavorable. $133,760 favorable. $253,760 favorable. $153,760 favorable. $149,760 unfavorable.
Q3 Hollaway Corporation has the following data for the current fiscal year: Actual Budget Sales Units Product X 25,000 94,000 Product Y 135,000 107,000 Total 160,000 201,000 Contribution Margin Product X $ 15.00 $ 14.00 Product Y $ 12.00 $ 11.00 The total sales mix variance for both products is: (Round your percentages to one decimal place. Example: Round .1447 to .145 or 14.5%.) Multiple Choice $409,760 unfavorable. $133,760 favorable. $253,760 favorable. $153,760 favorable. $149,760 unfavorable.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Q3
Hollaway Corporation has the following data for the current fiscal year:
Actual | Budget | |
---|---|---|
Sales Units | ||
Product X | 25,000 | 94,000 |
Product Y | 135,000 | 107,000 |
Total | 160,000 | 201,000 |
Contribution Margin | ||
Product X | $ 15.00 | $ 14.00 |
Product Y | $ 12.00 | $ 11.00 |
The total sales mix variance for both products is: (Round your percentages to one decimal place. Example: Round .1447 to .145 or 14.5%.)
Multiple Choice
-
$409,760 unfavorable.
-
$133,760 favorable.
-
$253,760 favorable.
-
$153,760 favorable.
-
$149,760 unfavorable.
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