12,000.00 10,000.00 10,000.00 2,000.00 9,000.00 1,000.00 22,000.00 19,000.00 3,000.00 2021

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the cost price variance? * O
Bulldogs Inc. sells the following products. The following were obtained from the records:
2022
Cost of Sales
Gross Profit
2,000.00
Units sold
Products
Dog Food
Sales
12,000.00
10,000.00
500.00
Dog Treats
10,000.00
9,000.00
1,000.00
250.00
22,000.00
19,000.00
3,000.00
750.00
2021
Products
Dog Food
Cost of Sales
10,000.00
Gross Profit
1,000.00
Sales
Units
11,000.00
250.00
Dog Treats
10,000.00
8,000.00
2,000.00
250.00
21,000.00
18,000.00
3,000.00
500.00
O 7,500U
O 6,000F
O 8,000U
O 9,000U
Transcribed Image Text:What is the cost price variance? * O Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Gross Profit 2,000.00 Units sold Products Dog Food Sales 12,000.00 10,000.00 500.00 Dog Treats 10,000.00 9,000.00 1,000.00 250.00 22,000.00 19,000.00 3,000.00 750.00 2021 Products Dog Food Cost of Sales 10,000.00 Gross Profit 1,000.00 Sales Units 11,000.00 250.00 Dog Treats 10,000.00 8,000.00 2,000.00 250.00 21,000.00 18,000.00 3,000.00 500.00 O 7,500U O 6,000F O 8,000U O 9,000U
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