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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.

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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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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