D.) Cost Price VarianceE.) Cost Volume VarianceF.) Total Gross Profit VarianceG.) Price VarianceH.) Price-Quantity VarianceI.) Cost VarianceJ.) Cost-Quantity Variance The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021showed the following data.20202021Net SalesCost of SalesGross MarginOperating Expenses800,000480,000924,000501.600422,400320,000180,000140,000220,000Net Income202,400Additional Data:Units SoldUnit Selling PriceUnit Cost80,00010.0088,00010.506.005.70Analyze if Favorable or Unfavorable,A.) Sales Price Variance =44,000 FB.) Sales Volume Variance = 80,000 FC.) Sales Variance =124,000 FD.) Cost Price VarianceE.) Cost Volume VarianceF.) Total Gross Profit VarianceG.) Price VarianceH.) Price-Quantity VarianceL) Cošt VarianceJ.) Cost-Quantity VarianceAccessibility: Investigate

Name: D.) Cost Price VarianceE.) Cost Volume VarianceF.) Total Gross Profit
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Description: D.) Cost Price VarianceE.) Cost Volume VarianceF.) Total Gross Profit VarianceG.) Price VarianceH.) Price-Quantity VarianceI.) Cost VarianceJ.) Cost-Quantity Variance The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021s

The calculation of different variances and analysis if favourable or unfavourable are shown…

Answered: Cost Price Variance E.) Cost Volume…

Business

Accounting

Cost Price Variance E.) Cost Volume Variance F.) Total Gross Profit Variance G.) Price Variance H.) Price-Quantity Variance I.) Cost Variance J.) Cost-Quantity Variance

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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Similar questions

What is recalculated cost?
Which of the following is the correct formula for the direct materials quantity variance? O a. (Actual Quantity - Actual Price) - (Standard Quantity Standard Price) O b. (Actual Quantity- Standard Quantity) * Actual Price O c. (Actual Price - Standard Price) × Actual Quantity O d. (Actual Quantity - Standard Quantity) x Standard Price
In performing Variance Analysis for Direct Material costs, the variances include Price and Rate Variances. TRUE FALSE
Is current cost included in the overall measurement bases? or only in the current value?
Gross profit volume variance is derived by A. combining sales and cost of sales variances. B. combining sales volume and cost volume variances. C. deducting cost price variance from gross profit variance. D. deducting sales price variance from gross profit variance.
Which of the following underlying assumptions form(s) the basis for gross profit variance analysis? A. In multi-product organization, the sales mix remains discretionary. B. Sales and costs behave in ainear manner C. All of the choices are assumptions that underlie gross profit variance analysis D. Costs can be categorized as variable