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

question 119

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 Y is:

• A) $14,400 favorable.
• B) $16,250 favorable.
• C) $17,400 unfavorable.
• D) $18,750 favorable.
• E) $33,250 unfavorable.

Interpret inventory turnover to assess inventory management efficiency.

Calculate return on equity to evaluate financial performance.

Understand the significance of net profit margin and gross margin percentages in assessing profitability.

Understand the characteristics and applications of different satellite orbits (GEO, LEO, MEO, VEO).

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Definitions:

Resting Potential

The difference in electric charge between the inside and outside of a neuron's cell membrane when the neuron is not actively transmitting a signal.

Depolarization

The process in which the difference in electrical charge across a cell membrane decreases, often leading to the initiation of an electrical signal.

Positively Charged

Having a net electrical charge due to the loss of electrons, often pertains to ions or particles.

Negatively Charged

Negatively charged refers to atoms or molecules that have more electrons than protons, resulting in an overall negative electrical charge.