Nap CoHas Two Products Named X and Y

question 10

Multiple Choice

Nap Co.has two products named X and Y.The firm had the following master budget for the year just completed:
The following operating results were reported after the year was over:
The sales quantity variance for Product Y is:

• A)$4,000 favorable.
• B)$11,250 favorable.
• C)$6,500 favorable.
• D)$11,250 unfavorable.
• E)$16,250 favorable.

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Definitions:

Property Taxes

Levies on property owned by individuals or entities, typically based on the property's value, and used as revenue for local governments.

Tax Revenue

The income that is gained by governments through taxation, used to fund public services, infrastructure, and government operations.

Local Governments

Administrative bodies governing areas within a country below the level of the state or national government.

Benefits-received Principle

The concept that the amount of tax an individual pays should be related to the level of benefits they receive from government services.