Blue Co. wants to analyze its variances in gross profit. The following information was extracted: · Budgeted Sales is at P10,000 while actual sales is P2,000 greater than the budgeted sales · Budgeted Cost of Goods Sold is at P8,000 while actual Cost of Goods Sold is P10,000. · There is no difference between the number of units actually sold and budgeted. What is the sales price variance?
Blue Co. wants to analyze its variances in gross profit. The following information was extracted: · Budgeted Sales is at P10,000 while actual sales is P2,000 greater than the budgeted sales · Budgeted Cost of Goods Sold is at P8,000 while actual Cost of Goods Sold is P10,000. · There is no difference between the number of units actually sold and budgeted. What is the sales price variance?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Blue Co. wants to analyze its variances in gross profit. The following information was extracted:
· Budgeted Sales is at P10,000 while actual sales is P2,000 greater than the budgeted sales
· Budgeted Cost of Goods Sold is at P8,000 while actual Cost of Goods Sold is P10,000.
· There is no difference between the number of units actually sold and budgeted.
What is the sales price variance?
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