Nap CoHas Two Products Named X and Y

question 51

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 contribution margin sales volume variance for Product X is:

• A)$20,000 unfavorable.
• B)$26,000 favorable.
• C)$30,000 unfavorable.
• D)$40,000 unfavorable.
• E)$65,000 favorable.

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Definitions:

Human Resources Department

The division of a business that is focused on activities related to employees, including hiring, training, and benefits.

7-Point Scale

A rating system used in surveys and questionnaires, allowing respondents to indicate their opinion or preference on a seven-level scale.

5% Significance Level

A threshold in hypothesis testing indicating that the probability of observing the data, assuming the null hypothesis is true, is less than 5%.

Wilcoxon Rank Sum Test

A nonparametric statistical test used to compare two independent samples to assess whether their population mean ranks differ.