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 selling price variance for Product Y is:
A)$60,000 unfavorable
B)$43,200 unfavorable.
C)$14,000 favorable.
D)$40,000 favorable.
E)$50,000 unfavorable.

Question

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 selling price variance for Product Y is:
A)$60,000 unfavorable 
B)$43,200 unfavorable. 
C)$14,000 favorable. 
D)$40,000 favorable. 
E)$50,000 unfavorable.

Quizplus · Accepted Answer

The Answer of 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 selling price variance for Product Y is:
A)$60,000 unfavorable 
B)$43,200 unfavorable. 
C)$14,000 favorable. 
D)$40,000 favorable. 
E)$50,000 unfavorable.