Compute for the following:Sales price varianceCost price varianceQuantity varianceFormat: 11,111 F or 11,111 U Vargross Company presented the following data for analysis affectingits gross profit. The company is selling two products, Avon and Bona20212020Net SalesCost of Sales228,000128,400175,000105,000Gross Margin99,60070,000Additional data:20212020ItemsAvonBonaAvonBonaUnits sold12,00016,00010,00015,000Unit selling price11.006.0010.005.00Unit costs6.303.306.003.00Unit GP4.702.704.002.00

Variance is calculated for comparing results either between two years or between budget and actuals.…

Answered: Compute for the following: Sales price…

Business

Accounting

Compute for the following: Sales price variance Cost price variance Quantity variance Format: 11,111 F or 11,111 U

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Compute for the following:

Sales price variance
Cost price variance
Quantity variance

Format: 11,111 F or 11,111 U

Vargross Company presented the following data for analysis affecting
its gross profit. The company is selling two products, Avon and Bona
2021
2020
Net Sales
Cost of Sales
228,000
128,400
175,000
105,000
Gross Margin
99,600
70,000
Additional data:
2021
2020
Items
Avon
Bona
Avon
Bona
Units sold
12,000
16,000
10,000
15,000
Unit selling price
11.00
6.00
10.00
5.00
Unit costs
6.30
3.30
6.00
3.00
Unit GP
4.70
2.70
4.00
2.00

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