Winston Co $\text { On September 1, the following actual operating results for August were reported: }$

question 23

Multiple Choice

Winston Co. had two products code named X and Y. The firm had the following budget for August: $\begin{array}{lrrr} & \text { Product X } & \text { Product Y } & \text { Total } \\\text { Sales } & \$ 286,000 & \$ 520,000 & \$ 806,000 \\\text { Variable Costs } & 189,800 & 218,400 & 408,200\\\text { Contribution Margin } & \$ 96,200 & \$ 301,600 & \$ 397,800 \\\text { Fixed costs } & 50,000 & 108,000 & 158,000\\\text { Operating Income }&\$46,200&\$193,600&\$239,800\\\text { Selling Price per unit }&\$110.00&\$50.00\end{array}$

$\text { On September 1, the following actual operating results for August were reported: }$

$\begin{array}{lrrr} & \text { Product X } & \text { Product Y } & \text { Total } \\\text { Sales } & \$ 360,000 & \$ 540,000 & \$ 900,000 \\\text { Variable Costs } & 195,000 & 216,000 & 411,000\\\text { Contribution Margin } & \$ 165,000 & \$ 324,000 & \$ 489,000 \\\text { Fixed costs } & 50,000 & 108,000 & 158,000 \\\text { Operating Income }&\$115,00&\$216,000&\$331,000\\\text { Units Sold }&3,000&9,000\end{array}$ 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 mix variance for Product X is:

• A) $22,200 favorable.
• B) $43,600 unfavorable.
• C) $43,600 favorable.
• D) $7,400 unfavorable.
• E) $23,200 unfavorable.

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Definitions:

Slave Owners

Individuals or entities that held ownership and control over other individuals as property, typically in historical contexts related to forced labor and chattel slavery.

Southern Colonies

Refers to the group of English colonies in North America located in the south that included Maryland, Virginia, North and South Carolina, and Georgia.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

State

A defined area of territory with its own government and institutions, or a condition/status of being, depending on the context.