Winston Co

question 53

Multiple Choice

Winston Co.had two products code named X and Y.The firm had the following budget for August:
On September 1,the following operating results for August were reported:
Industry volume was estimated to be 120,000 units at the time of the budget.Actual industry volume for the period was 125,000 units.
The firm's total sales quantity variance for the period is:

• A)$116,000 favorable.
• B)$134,800 favorable.
• C)$124,660 favorable.
• D)$138,700 favorable.
• E)$166,375 favorable.

Learn effective practices for mobile device maintenance and battery management.

Familiarize with device synchronization and data transfer methodologies for mobile computing environments.

Understand the concepts and types of pricing strategies used by firms.

Recognize how transportation and geography affect pricing strategies and product distribution.

---

Definitions:

FICA Tax

The Federal Insurance Contributions Act (FICA) tax is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare programs.

Incidence

The analysis of the distributional effect of a tax or policy on different groups, focusing on who bears the cost.

Tax Imposed

A financial charge levied by a government on individuals, corporations, or goods to fund public expenditures.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.