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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2b98d3a-4106-4001-a7da-116011a00b74%2F04773054-eb0d-474a-9418-5afdb78d9258%2Fi7zjphh_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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