also find the selling price variance for product x ?? 26, The following data app

Question

also find the selling price variance for product x

?? 26, The following data applies to questions #26-29. Questions 26-29 are worth 5 points each. Winston company had two products named X and Y. The firm had the following budget for August Product X 286,000 Product Y Total 5200005060 Sales 29.00 10,400 50.00 Contribution Margin/Unit 37.00 Budgeted units sold 2,600 13,000 62.00 Selling price per unit110.00 Following are actual operating results for Winston Co. in August Product X 360,000 55.00 3,000 Product y 540,000 36.00 9,000 Total 900,000 40.75 12,000 Sales Contribution margin/ unit Units sold Total industry volume for both products X and Y was estimated to be 130,000 units at the time of the budget. Actual industry volume for the period for products X and Y combined was 100,000 units. The sales volume variance related to the contribution margin of product X is:

Explanation / Answer

Budgeted price per unit × (Actual Quantity – Budget Quantity)

37 × (3000-2600)

14800 (Favourable)

2. Sales Price Variance of product X:

Actual Quantity sold × (Actual selling price – Budgeted selling price)

3000 × (120-110)

30000(Favourable)

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