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(Appendix 11A) Kyekyeku Company Retails Two Models of a Product

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(Appendix 11A) Kyekyeku Company retails two models of a product: Model X and Model Y. It considers both products to be close substitutes. The following data relate to the company's operations for last year:
(Appendix 11A)  Kyekyeku Company retails two models of a product: Model X and Model Y. It considers both products to be close substitutes. The following data relate to the company's operations for last year:   -(Appendix 11A) What were the sales volume variances for Model X and Model Y,respectively,for last year? A)  $200 favourable and $3,496 favourable. B)  $240 favourable and $3,680 favourable. C)  $1,250 favourable and $1,900 favourable. D)  $1,500 favourable and $2,000 favourable.
-(Appendix 11A) What were the sales volume variances for Model X and Model Y,respectively,for last year?

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Definitions:

Common Stock

Equity securities that represent ownership in a company, providing voting rights and a share in the company’s profits through dividends.

Preferred Stock

A type of stock that typically guarantees dividends and has priority over common stock in asset liquidation.

Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company distributes to its shareholders.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate.

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