Nap CoHas Two Products Named X and Y

question 100

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 selling price variance for Product X is:

• A)$0.
• B)$20,000 unfavorable.
• C)$25,000 unfavorable.
• D)$30,000 favorable.
• E)$40,000 unfavorable.

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Definitions:

CD Players

Electronic devices that play audio CDs using laser technology, now largely supplanted by digital music formats.

Excise Taxes

Excise taxes are taxes paid when purchases are made on a specific good, such as fuel, tobacco, and alcohol, often included in the price of the product.

Alcohol

A chemical compound commonly found in beverages such as beer, wine, and spirits, consumed for its psychoactive effects of relaxation and euphoria.

State Governments

The organization through which a state exercises its authority, implements its laws, and administers public policy within its territorial boundaries.