What is the cost price variance?A. 8,000UB. 6,000FC. 9,000UD. 7,500U Bulldogs Inc. sells the following products. The following were obtained from the records:2022ProductsCost of SalesGross ProfitUnits soldSales12,000.00Dog Food10,000.002,000.00500.00Dog Treats10,000.009,000.001,000.00250.0022,000.0019,000.003,000.00750.002021ProductsSalesCost of SalesGross ProfitUnitsDog Food11,000.0010,000.00250.0010,000.008,000.001,000.002,000.00Dog Treats250.0021,000.0018,000.003,000.00500.00

Cost price variance = Actual units 2022 *( Actual Cost 2022 - Actual cost 2021 )

Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Units sold Products Dog Food Dog Treats Sales 12,000.00 Gross Profit 2,000.00 10,000.00 500.00 10,000.00 9,000.00 19,000.00 1,000.00 250.00 22,000.00 3,000.00 750.00 2021 Cost of Sales Products Dog Food Dog Treats Gross Profit 1,000.00 2,000.00 Sales Units 11,000.00 10,000.00 10,000.00 8,000.00 250.00 250.00 21,000.00 18,000.00 3,000.00 500.00

Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Units sold Products Dog Food Dog Treats Sales 12,000.00 Gross Profit 2,000.00 10,000.00 500.00 10,000.00 9,000.00 19,000.00 1,000.00 250.00 22,000.00 3,000.00 750.00 2021 Cost of Sales Products Dog Food Dog Treats Gross Profit 1,000.00 2,000.00 Sales Units 11,000.00 10,000.00 10,000.00 8,000.00 250.00 250.00 21,000.00 18,000.00 3,000.00 500.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hi the volume variance portion is missing
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For the given cost function C'(x) 10000+400x + x² find: a) The cost at the production level 1300 = b) The average cost at the production level 1300 c) The marginal cost at the production level 1300 d) The production level that will minimize the average cost e) The minimal average cost
4
8. How much is the sale mix variance? Product B 2018 2019 2018 2019 Product C 2018 2019 Product A Average 2018 2019 Sale Price 120.00 110.00 200.00 240.00 500.00 540.00 182.00 208.75 Cost per Unit 70.00 65.00 120.00 149.00 300.00 320.00 108.00 125.00 Gross Profit 50.00 45.00 80.00 91.00 200.00 220.00 74.00 83.75 Product A Product B Product C Total 2018 2019 2018 2019 2018 2019 2018 2019 Units Sold 1,200 1,500 600 500 200 400 2,000 2,400
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