Baryans Corporation provided the following partial income statements and detailed information for the past two years:                                           2021            2020               Changes  Sales                                 P360,000    P192,000            P168,000 Cost of sales                     158,400            96000              62,400 Gross income                      201,600         96,000             105,600 Unit selling price  150        120 Unit cost      66                  60 Quantity sold   2,400       1,600   How much is the sales price variance? P72,000 unfavorable P57,600 unfavorable None of the other choices P72,000 favorable P57,600 favorable   Refer to the case of Baryans Corporation. How much is the cost price variance? None of the other choices P14,400 unfavorable P57,600 unfavorable P14,400 favorable P57,600 favorable   Refer to the case of Baryans Corporation. How much is the cost volume variance? P48,000 favorable None of the other choices P96,000 unfavorable P96,000 favorable P48,000 unfavorable

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Baryans Corporation provided the following partial income statements and detailed information for the past two years:

                                          2021            2020               Changes 

Sales                                 P360,000    P192,000            P168,000

Cost of sales                     158,400            96000              62,400

Gross income                      201,600         96,000             105,600

Unit selling price  150        120

Unit cost      66                  60

Quantity sold   2,400       1,600

 

How much is the sales price variance?

P72,000 unfavorable

P57,600 unfavorable

None of the other choices

P72,000 favorable

P57,600 favorable

 

Refer to the case of Baryans Corporation. How much is the cost price variance?

None of the other choices

P14,400 unfavorable

P57,600 unfavorable

P14,400 favorable

P57,600 favorable

 

Refer to the case of Baryans Corporation. How much is the cost volume variance?

P48,000 favorable

None of the other choices

P96,000 unfavorable

P96,000 favorable

P48,000 unfavorable

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