D.) Total Gross Profit VarianceE.) Sales Mix VarianceF.) Final Sales Volume Variance Jungkook Company present the following data for analysis affecting its Gross Profit. Thecompany is selling 2 products, Tata and Chimmy2020175.000105,00070,0002021228,000Net Sales128,40099.600Cost of SalesGross MarginAdditional Data:20212020Chimmy16,0006.00Chimmy15,000ItemsTataTataUnits Sold12,00010,000Unit Selling11.0010.005.00PriceUnit Costs6.303.306.003.00Uni GP4.702.704.002.00Analyze if Favorable or Unfavorable.A.) Sales Price Variance 28,000 FB.) Cost Price Variance 8,400 UC.) Quantity Variance =15,900 FD.) Total Gross Profit VarianceE.) Sales Mix VarianceF.) Final Sales Volume Variance

Gross profit variance is computed by finding the difference between the given gross profits.

Jungkook Company present the following data for analysis affecting its Gross Profit. The company is selling 2 products, Tata and Chimmy 2021 2020 228,000 128,400 99,600 175,000 105,000 Net Sales Cost of Sales Gross Margin 70,000 Additional Data: 2021 2020 Chimmy 16,000 6.00 Chimmy 15,000 5.00 Items Tata Tata Units Sold 12,000 10,000 Unit Selling 11.00 10.00 Price 3.30 2.70 Unit Costs 6.30 6.00 3.00 Uni GP 4.70 4.00 2.00 Analyze if Favorable or Unfavorable. A.) Sales Price Variance 28,000 F B.) Cost Price Variance 8,400 U C.) Quantity Variance 15,900 F D.) Total Gross Profit Variance E.) Sales Mix Variance F.) Final Sales Volume Variance

Jungkook Company present the following data for analysis affecting its Gross Profit. The company is selling 2 products, Tata and Chimmy 2021 2020 228,000 128,400 99,600 175,000 105,000 Net Sales Cost of Sales Gross Margin 70,000 Additional Data: 2021 2020 Chimmy 16,000 6.00 Chimmy 15,000 5.00 Items Tata Tata Units Sold 12,000 10,000 Unit Selling 11.00 10.00 Price 3.30 2.70 Unit Costs 6.30 6.00 3.00 Uni GP 4.70 4.00 2.00 Analyze if Favorable or Unfavorable. A.) Sales Price Variance 28,000 F B.) Cost Price Variance 8,400 U C.) Quantity Variance 15,900 F D.) Total Gross Profit Variance E.) Sales Mix Variance F.) Final Sales Volume 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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Question

D.) Total Gross Profit Variance E.) Sales Mix Variance F.) Final Sales Volume Variance

Jungkook Company present the following data for analysis affecting its Gross Profit. The
company is selling 2 products, Tata and Chimmy
2020
175.000
105,000
70,000
2021
228,000
Net Sales
128,400
99.600
Cost of Sales
Gross Margin
Additional Data:
2021
2020
Chimmy
16,000
6.00
Chimmy
15,000
Items
Tata
Tata
Units Sold
12,000
10,000
Unit Selling
11.00
10.00
5.00
Price
Unit Costs
6.30
3.30
6.00
3.00
Uni GP
4.70
2.70
4.00
2.00
Analyze if Favorable or Unfavorable.
A.) Sales Price Variance 28,000 F
B.) Cost Price Variance 8,400 U
C.) Quantity Variance =15,900 F
D.) Total Gross Profit Variance
E.) Sales Mix Variance
F.) Final Sales Volume Variance

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