Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nappon Co. has two products named X and Y. The firm had the following master budget for the year just completed: Product X Product

image text in transcribed

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 Sales $251,000 $342,000 Total $593,000 Variable Costs Contribution Margin Fixed costs Selling Price per unit 151,000 136,800 287,800 $100,000 $205,200 $305,200 130,000 108,000 238,000 Operating Income (Loss) $ (30,000) $ 97,200 $ 67,200 $ 100 $ 50 The following actual operating results were reported after the year was over: Product X Product Y Sales $363,600 $543,600 Total $907,200 Variable Costs 199,500 220,500 420,000 Contribution Margin $164,100 $323,100 $487,200 Fixed costs 215,200 112,500 327,700 Operating Income (Loss) $(51,100) Units Sold 3,090 $210,600 9,450 $159,500 The sales quantity variance for Product Y is: (Round your 'sales mix' percentage to nearest whole percent and other answers to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Carl S Warren

5th Edition

9780538489737, 538749091, 538489731, 978-0538749091

More Books

Students also viewed these Accounting questions

Question

Write a program to check an input year is leap or not.

Answered: 1 week ago

Question

Write short notes on departmentation.

Answered: 1 week ago

Question

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago