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On September 1, the following actual operating results for August were reported: Product X $366,800 203,500 $ 163,300 58,500 $ 104,800 3,170 Product Y $ 546,800 224,500 $ 322,300 116,500 $ 205,800 9,850 Total industry volume for both products X and Y was estimated to be 138,500 units at the time of the budget. Actual industry volume for the period for products X and Y was 106,800 units. The contribution margin sales volume variance for Product X is: Sales Variable Costs Contribution Margin Fixed costs Operating Income Units Sold Multiple Choice $12,500 unfavorable. $15,800 favorable. $23,200 favorable. $23,200 unfavorable. Total $ 913,600 428,000 $ 485,600 175,000 $310,600 $28,120 favorable.

On September 1, the following actual operating results for August were reported: Product X $366,800 203,500 $ 163,300 58,500 $ 104,800 3,170 Product Y $ 546,800 224,500 $ 322,300 116,500 $ 205,800 9,850 Total industry volume for both products X and Y was estimated to be 138,500 units at the time of the budget. Actual industry volume for the period for products X and Y was 106,800 units. The contribution margin sales volume variance for Product X is: Sales Variable Costs Contribution Margin Fixed costs Operating Income Units Sold Multiple Choice $12,500 unfavorable. $15,800 favorable. $23,200 favorable. $23,200 unfavorable. Total $ 913,600 428,000 $ 485,600 175,000 $310,600 $28,120 favorable.

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead...
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On September 1, the following actual operating results for August were reported: Product X $366,800 203,500 $ 163,300 58,500 $ 104,800 3,170 Sales Variable Costs Contribution Margin Fixed costs Operating Income Units Sold The contribution margin sales volume variance for Product X is: Total industry volume for both products X and Y was estimated to be 138,500 units at the time of the budget. Actual industry volume for the period for products X and Y was 106,800 units. Multiple Choice O $12,500 unfavorable. O $23,200 favorable. O $15,800 favorable. $23,200 unfavorable. Product Y $ 546,800 224,500 $ 322,300 116,500 $ 205,800 9,850 $28,120 favorable. Total $ 913,600 428,000 $ 485,600 175,000 $ 310,600
Transcribed Image Text:On September 1, the following actual operating results for August were reported: Product X $366,800 203,500 $ 163,300 58,500 $ 104,800 3,170 Sales Variable Costs Contribution Margin Fixed costs Operating Income Units Sold The contribution margin sales volume variance for Product X is: Total industry volume for both products X and Y was estimated to be 138,500 units at the time of the budget. Actual industry volume for the period for products X and Y was 106,800 units. Multiple Choice O $12,500 unfavorable. O $23,200 favorable. O $15,800 favorable. $23,200 unfavorable. Product Y $ 546,800 224,500 $ 322,300 116,500 $ 205,800 9,850 $28,120 favorable. Total $ 913,600 428,000 $ 485,600 175,000 $ 310,600
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