Winston Co. had two products code named X and Y. The firm had the following budget for August:

Product XProduct YTotalSales$286,000$520,000$806,000Variable Costs189,800218,400408,200Contribution Margin$96,200$301,600$397,800Fixed costs50,000108,000158,000Operating Income$46,200$193,600$239,800Selling Price per unit$110.00$50.00

On September 1, the following actual operating results for August were reported:

Product XProduct YTotalSales$360,000$540,000$900,000Variable Costs195,000216,000411,000Contribution Margin$165,000$324,000$489,000Fixed costs50,000108,000158,000Operating Income$115,000$216,000$331,000Units Sold3,0009,000

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 firm's market size variance for the period is:

Multiple Choice

• $26,000 favorable.
• $30,600 unfavorable.
• $16,000 favorable.
• $91,800 unfavorable.
• $61,200 favorable