In: Accounting
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 | $260,000 | 360,000 | $620,000 |
Variable Costs | 156,000 | 180,000 | 336,000 |
Contribution Margin | $104,000 | $180,000 | $284,000 |
Fixed Costs | 130,000 | 108,000 | 238,000 |
Operating Income | ($26,000) | $72,000 | $46,000 |
Selling Price per unit | $130.00 | $60.00 |
The following actual operating results were reported after the year
was over:
Product X | Product Y | Total | |
Sales | $202,500 | $467,500 | $670,000 |
Variable Costs | 117,000 | 212,500 | 329,500 |
Contribution Margin | $85,500 | $255,000 | $340,500 |
Fixed Costs | 140,000 | 108,000 | 248,000 |
Operating Income | ($54,500) | $147,000 | $92,500 |
Units Sold | 1,500 | 8,500 |
1. The sales quantity variance for Product X is:
2. The selling price variance for Product × is:
3.the contribution margin sales volume variance for Product X is: