Winston Company had two products code named X and Y. The fem had the following budget for August Product X Product Y Total $ 542,000 227,640 $ 314,360 100,000 $ 214,360 $ 850, 000 430,920 $ 419, e80 114,000 Sales 203, 280 $ 104,720 14,000 $ 90,720 Variable Costs Contribution Margin Fixed costs $ 305,eko Operating Incone Selling Price per unit $ 100 $ 50 On September t, the following actual operating results for August were reported Product Y S 567,000 221,500 $ 345,500 100,00 $ 245,500 9,e0e Product X Total $ 364,400 200, 500 $ 163,900 14,00e $ 931,400 422,00e $ se9, 400 114, ee $ 395,480 Sales Variable Costs Contribut ion Margin Fixed costs $ 149,900 3,e0e Operating Incone Units Sold Total industry volume for both products X and Y was estimated to be 130.000 units at the time of the budget Actual industry volume for the period for products Xand Y wes 100,000 units The sales quantity voriance for Product Y is: (Round your sales mix' percentage to the nearest whole percent.)

Winston Company had two products code named X and Y. The fem had the following budget for August Product X Product Y Total $ 542,000 227,640 $ 314,360 100,000 $ 214,360 $ 850, 000 430,920 $ 419, e80 114,000 Sales 203, 280 $ 104,720 14,000 $ 90,720 Variable Costs Contribution Margin Fixed costs $ 305,eko Operating Incone Selling Price per unit $ 100 $ 50 On September t, the following actual operating results for August were reported Product Y S 567,000 221,500 $ 345,500 100,00 $ 245,500 9,e0e Product X Total $ 364,400 200, 500 $ 163,900 14,00e $ 931,400 422,00e $ se9, 400 114, ee $ 395,480 Sales Variable Costs Contribut ion Margin Fixed costs $ 149,900 3,e0e Operating Incone Units Sold Total industry volume for both products X and Y was estimated to be 130.000 units at the time of the budget Actual industry volume for the period for products Xand Y wes 100,000 units The sales quantity voriance for Product Y is: (Round your sales mix' percentage to the nearest whole percent.)

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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Question

Winston Company had two products code named X and Y. The fem had the following budget for August
Product X
Product Y
Total
$ 542,000
227,640
$ 314,360
100,000
$ 214,360
$ 850, 000
430,920
$ 419, e80
114,000
Sales
203, 280
$ 104,720
14,000
$ 90,720
Variable Costs
Contribution Margin
Fixed costs
$ 305,eko
Operating Incone
Selling Price per unit
$ 100
$ 50
On September t, the following actual operating results for August were reported
Product Y
S 567,000
221,500
$ 345,500
100,00
$ 245,500
9,e0e
Product X
Total
$ 364,400
200, 500
$ 163,900
14,00e
$ 931,400
422,00e
$ se9, 400
114, ee
$ 395,480
Sales
Variable Costs
Contribut ion Margin
Fixed costs
$ 149,900
3,e0e
Operating Incone
Units Sold
Total industry volume for both products X and Y was estimated to be 130.000 units at the time of the budget Actual industry volume for the period for products Xand Y wes 100,000 units
The sales quantity voriance for Product Y is: (Round your sales mix' percentage to the nearest whole percent.)

Multiple Choice
$146,010 favorable.
$62,240 favorable.
$12,070 favorable.
$43,430 unfavorable.
$12,115 favorable.

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