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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 | $ | 241,000 | $ | 378,000 | $ | 619,000 | ||||||
Variable Costs | 145,000 | 151,200 | 296,200 | |||||||||
Contribution Margin | $ | 96,000 | $ | 226,800 | $ | 322,800 | ||||||
Fixed costs | 130,000 | 108,000 | 238,000 | |||||||||
Operating Income (Loss) | $ | (34,000 | ) | $ | 118,800 | $ | 84,800 | |||||
Selling Price per unit | $ | 100 | $ | 50 | ||||||||
The following actual operating results were reported after the year was over:
Product X | Product Y | Total | ||||||||||
Sales | $ | 367,600 | $ | 547,600 | $ | 915,200 | ||||||
Variable Costs | 204,500 | 225,500 | 430,000 | |||||||||
Contribution Margin | $ | 163,100 | $ | 322,100 | $ | 485,200 | ||||||
Fixed costs | 209,200 | 117,500 | 326,700 | |||||||||
Operating Income (Loss) | $ | (46,100 | ) | $ | 204,600 | $ | 158,500 | |||||
Units Sold | 3,190 | 9,950 | ||||||||||
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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