How much is the sales price-volume variance?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How much is the sales price-volume variance?
Transcribed Image Text:Gross Profit Last Year
P 861,250
Gross Profit This Year
900,000
Change in units sold last year
650
Units Sold
50
Change in sales price
Change in cost price
P 100
75
Excerpt from the four-way analysis:
Sales Quantity Variance – Unfavorable P 245,000
Cost Price Variance - Favorable
45,000
Cost Quantity Variance - Favorable
178,750
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