Jackson, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual o

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Jackson Inc Manufactures Two Products That It Sells To The Same Market Excerpted Below Are Its Budgeted And Actual O 1 (107.31 KiB) Viewed 9 times

Jackson, Inc., manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed: Unit sales Product X Product Y Unit contribution margin Product X Product Y Unit selling price Product X Product Y Budget The market size variance is: Actual 22,500 42,000 90,000 80,000 $ 4.80 $ 3.90 $ 13.00 $ 14.00 $ 13.00 $ 14.00 $ 30.00 $ 29.00 Industry volume was estimated to be 1,875,000 units at the time the budget was prepared. Actual industry volume for the period was 2,440,000 units. Jackson measures variances using contribution margin.