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

question 133

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 quantity variance for Product X is:

• A) $45,350 favorable.
• B) $7,400 unfavorable.
• C) $6,500 favorable.
• D) $23,200 favorable.
• E) $43,500 favorable.

Distinguish between the effects of life events on personality for different genders.

Grasp the role of personality traits in predicting life outcomes.

Understand how relationships and marital status influence personality changes.

Understand the different diagnostic imaging procedures and their purposes.

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Definitions:

Monopoly Inefficiency

The loss of economic efficiency that occurs when a single firm controls the market, leading to higher prices and reduced output compared to competitive markets.

Government Intervention

involves actions taken by a government to influence or directly affect economic, social, or political outcomes in a country.

Price Discrimination

The strategy of selling the same product or service at different prices to different customer groups, often based on the willingness to pay, market segment, or purchase location.

Control Resale

Control resale refers to measures taken by manufacturers or governments to limit or regulate the resale of products to ensure fair pricing, quality control, or restrict the sale of hazardous goods.