Question
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 $ 245,000 $ 370,000 $ 615,000
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 | $ | 245,000 | $ | 370,000 | $ | 615,000 | ||||||
| Variable Costs | 147,000 | 148,000 | 295,000 | |||||||||
| Contribution Margin | $ | 98,000 | $ | 222,000 | $ | 320,000 | ||||||
| Fixed costs | 130,000 | 108,000 | 238,000 | |||||||||
| Operating Income (Loss) | $ | (32,000 | ) | $ | 114,000 | $ | 82,000 | |||||
| Selling Price per unit | $ | 100 | $ | 50 | ||||||||
The following actual operating results were reported after the year was over:
| Product X | Product Y | Total | ||||||||||
| Sales | $ | 366,000 | $ | 546,000 | $ | 912,000 | ||||||
| Variable Costs | 202,500 | 223,500 | 426,000 | |||||||||
| Contribution Margin | $ | 163,500 | $ | 322,500 | $ | 486,000 | ||||||
| Fixed costs | 211,600 | 115,500 | 327,100 | |||||||||
| Operating Income (Loss) | $ | (48,100 | ) | $ | 207,000 | $ | 158,900 | |||||
| Units Sold | 3,150 | 9,750 | ||||||||||
The sales quantity variance for Product Y is: (Round your 'sales mix' percentage to nearest whole percent and other answers to 2 decimal places.)
Multiple Choice
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$6,100 favorable.
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$38,200 favorable.
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$39,700 favorable.
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$68,625 favorable.
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$79,300 unfavorable.
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Managerial Accounting, 1, (6 Months)
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337270814, 9781337270816
