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1. Dubbo Pty Ltd manufactures and sells camping equipment. Included in the company’s line of products are two type of backpacks, type A and type B. Sales of backpacks for the first quarter of the 2019-2020 financial year are budgeted as follows:
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: Budget Actual Unit sales Product X 32,000 80,000 Product Y 80,500 42,000 Unit contribution margin Product X $ 4.80 $ 3.90 Product Y $ 13.00 $ 14.00 Unit selling price Product X $ 13.00 $ 14.00 Product Y $ 30.00 $ 29.00 Industry volume was estimated to be 1,400,000 units at the time the...