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.

Comprehend the principle of equal population across U.S. House districts and its importance.

Understand the rationale and implications of creating minority-majority districts.

Describe the formal duties of the U.S. vice president in relation to Congress.

Recognize patterns regarding the relationship between presidential election years, midterm elections, and congressional seat changes.

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Definitions:

Benchmark Market Portfolio

A standard or reference against which the performance of a security, mutual fund, or investment manager can be measured.

Risk Premium

The extra return expected by an investor for holding a risky investment over a risk-free one.

Well-Diversified Portfolios

Investment portfolios that contain a wide variety of assets, aiming to minimize risk by spreading investments across different sectors or asset classes.