Hollaway Corporation has the following data for the current fiscal year: Actual Budget Sales Units Product...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Hollaway Corporation has the following data for the current fiscal year: Actual Budget Sales Units Product X 3,000 100,000 Product Y 157,000 101,000 Total 160,000 201,000 Contribution Margin $ 6.00 $ 8.00 $ 8.00 $ 7.00 Product X Product Y 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 $60,640 favorable. $80,640 favorable. $336,640 unfavorable. $76,640 unfavorable. $180,640 favorable. Hollaway Corporation has the following data for the current fiscal year: Actual Budget Sales Units Product X 3,000 100,000 Product Y 157,000 101,000 Total 160,000 201,000 Contribution Margin $ 6.00 $ 8.00 $ 8.00 $ 7.00 Product X Product Y 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 $60,640 favorable. $80,640 favorable. $336,640 unfavorable. $76,640 unfavorable. $180,640 favorable.
Expert Answer:
Answer rating: 100% (QA)
Total sales mix variance 76640 Unfavorable Working notes S... View the full answer
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Contribution Margin AnalysisSales The following data for Gardot Products Inc are available For the Year Ended December 31 2014 Actual Planned DifferenceIncrease or Decrease Sales 1293600 1260400...
-
The budget committee of Litwin Company collects the following data for its San Miguel Store in preparing budgeted income statements for May and June 2014. 1. Sales for May are expected to be...
-
The following data for Romero Products Inc. are available: Prepare an analysis of the sales quantity and unit pricefactors. Difference Increase or (Decrease) For the Year Ended December 31, 2014...
-
Evaluate the integral (4e* + 2 In (2))dx.
-
Explain the term server and provide an example of server-based processing; explain the term client and provide an example of client-based processing.
-
What is the three-step process of controlling?
-
Direct material variances The Baba Jim Company makes a variety of furniture items. One product, a sofa, has the following material standards: Pine lumber Oak lumber Springs 20 board feet @ $ .80 per...
-
Beacons Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacons Company prepared the following end-of-period spreadsheet at December 31, 20Y5, the...
-
Question Content Area Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $ 3 6 . 9 0 and sold for $ 6 4 . 2 5 . A finished desk can be sold for $ 7 5 . 5 0 . The...
-
Go to the Webinars worksheet. DeShawn wants to determine the number of webinars the company can hold on Tuesdays and Thursdays to make the highest weekly profit without interfering with...
-
27 A 45-year-old woman with multiple sclerosis was treated with interferon beta-1a six months ago, which resolved her physical symptoms. The client admits this was a difficult time for her and she...
-
ABC analysis places inventory into 26 categories for computer analysis. True of False
-
On January 1, 2023, Holland Corporation paid $8 per share to a group of Zeeland Corporation shareholders to acquire 60,000 shares of Zeeland's outstanding voting stock, representing a 60 percent...
-
Following is the Sensitivity Report of an Excel Solver Optimization problem. 1a) Revenue maximization. What is the impact of increasing the quantity of silk by 10 units? a. It will increase the...
-
Acast iron parallel magnetic circuit as shown below has two current-carrying coils, one with N1 = 581 turns and one with N2 = 1083 turns. The cross-sectional area of the center leg is twice that of...
-
The process by which health care facilities and providers ensure their financial viability by increasing revenue, improving cash flow, and enhancing the patient's experience is called revenue cycle...
-
All of the following are true of institutional review boards (IRBs) in the United States EXCEPT that _______________________________ Group of answer choices IRBs must have at least five members. IRBs
-
Prove the following D,(cos x) = - sin x (Hint: Apply the identity cos(A + B) = cos A cos B sin A sin B)
-
You are considering investing in Cherokee Transportation. The company reports 2014 earnings per share of $6.50 on income before extraordinary items and $4.75 on net income. Which EPS figure would you...
-
Benz Corporation produces a filter that has a per unit cost of $18. The company would like a 30% markup. Using cost-plus pricing, determine the per unit selling price.
-
Yadier Corporations comparative balance sheets are presented below. Yadiers 2014 income statement included net sales of $100,000, cost of goods sold of $60,350, and net income of $14,000....
-
NOPAT is the amount of net income a company would generate if it had no debt and held no financial assets. NOPAT is a better measure of the performance of a company's operations because debt lowers...
-
Free cash flow is the cash flow actually available for distribution to investors after the company has made all the investments in fixed assets and working capital necessary to sustain ongoing...
-
If the business were organized as a partnership or a proprietorship, its income could be taken out by the owners without being subject to double taxation. Also, if you expected to have losses for a...
Study smarter with the SolutionInn App