Nap CoHas Two Products Named X and Y

question 12

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 Y is:

• A)$0.
• B)$25,000 unfavorable.
• C)$24,000 favorable.
• D)$30,000 favorable.
• E)$30,000 unfavorable. Actual price: $384,000/2,500 = $64 ($64-$60)x 6000 = $24,000 favorable

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Definitions:

Tanglewood

A famous music venue in Massachusetts known for its classical music concerts and as the summer home of the Boston Symphony Orchestra.

Alcoholics Anonymous

A worldwide fellowship that supports individuals in recovery from alcohol addiction through a 12-step program.

Holocaust

The genocide of approximately six million Jews and millions of others by the Nazi regime and its collaborators during World War II.

Nazis

Members of the National Socialist German Workers' Party, a far-right political group that ruled Germany from 1933 to 1945.