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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
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 | ||||||||||
Sales | $ | 244,000 | $ | 372,000 | $ | 616,000 | ||||||
Variable Costs | 146,000 | 148,800 | 294,800 | |||||||||
Contribution Margin | $ | 98,000 | $ | 223,200 | $ | 321,200 | ||||||
Fixed costs | 130,000 | 108,000 | 238,000 | |||||||||
Operating Income (Loss) | $ | (32,000 | ) | $ | 115,200 | $ | 83,200 | |||||
Selling Price per unit | $ | 100 | $ | 50 | ||||||||
The following actual operating results were reported after the year was over:
Product X | Product Y | Total | ||||||||||
Sales | $ | 366,400 | $ | 546,400 | $ | 912,800 | ||||||
Variable Costs | 203,000 | 224,000 | 427,000 | |||||||||
Contribution Margin | $ | 163,400 | $ | 322,400 | $ | 485,800 | ||||||
Fixed costs | 211,000 | 116,000 | 327,000 | |||||||||
Operating Income (Loss) | $ | (47,600 | ) | $ | 206,400 | $ | 158,800 | |||||
Units Sold | 3,160 | 9,800 | ||||||||||
The sales quantity variance for Product Y is: (Round your 'sales mix' percentage to nearest whole percent and other answers to 2 decimal places.)
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