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Winston Co. had two products code named X and Y. The firm had the following budget for August: Sales Variable costs Contribution Margin Fixed costs
Winston Co. had two products code named X and Y. The firm had the following budget for August: Sales Variable costs Contribution Margin Fixed costs Operating Income Selling Price per unit Product x $310,000 204,600 $105,400 10,000 $ 95,400 $ 100 Product Y $544,000 228,480 $315,520 100,000 $215,520 $ 50 Total $854,000 433,080 $420,920 110,000 $310,920 On September 1, the following actual operating results for August were reported: Sales Variable costs Contribution Margin Fixed costs Operating Income Units sold Product X $364,800 201,000 $163,800 56,000 $107,800 3,000 Product Y $576,000 222,000 $354,000 114,000 $240,000 9,000 Total $940,800 423,000 $517,800 170,000 $347,800 Total industry volume for both products X and Y was estimated to be 130,000 units at the time of the budget. Actual industry volume for the period for products X and Y was 100,000 units. The sales quantity variance for Product Y is: (Round your sales mix percentage to whole percentage.) Multiple Choice $150,250 favorable. $12,470 favorable. $12.420 favorable. $64,040 favorable. $44,690 unfavorable
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