Reference no: EM133011115
Question - Winston Co. had two products code named X and Y. The firm had the following budget for August:
Product X Product Y Total
Sales $286,000 $520,000 $806,000
Variable Costs 189,800 218,400 408,200
Contribution Margin $96,200 $301,600 $397,800
Fixed costs 50,000 108,000 158,000
Operating Income $46,200 $193,600 $239,800
Selling Price per unit $110.00 $50.00
On September 1, the following actual operating results for August were reported:
Product X Product Y Total
Sales $360,000 $540,000 $900,000
Variable Costs 195,000 216,000 411,000
Contribution Margin $165,000 $324,000 $489,000
Fixed costs 50,000 108,000 158,000
Operating Income $115,000 $216,000 $331,000
Units Sold 3,000 9,000
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 was 100,000 units.
Required - Compute the weighted-average budgeted contribution margin per unit?
a. $30.60.
b. $19.95.
c. $35.50.
d. $77.50.
e. $40.00.
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