Jungkook Company present the following data for analysis affecting its Gross Profit. The company is selling 2 products, Tata and Chimmy 2021 2020 Net Sales 175,000 Cost of Sales Gross Margin 228,000 128,400 99,600 105.000 70,000 Additional Data: 2021 2020 Chimmy 16,000 Chimmy 15,000 Items Tata Tata Units Sold 12,000 10,000 Unit Selling 11.00 6.00 10.00 5.00 Price 3.30 2.70 Unit Costs 6.30 6.00 3.00 Uni GP 4.70 4.00 2.00 A.) Sales Price Variance B.) Cost Price Variance C.) Quantity Variance D.) Total Gross Profit Variance E.) Sales Mix Variance F.) Final Sales Volume Mariance
Jungkook Company present the following data for analysis affecting its Gross Profit. The company is selling 2 products, Tata and Chimmy 2021 2020 Net Sales 175,000 Cost of Sales Gross Margin 228,000 128,400 99,600 105.000 70,000 Additional Data: 2021 2020 Chimmy 16,000 Chimmy 15,000 Items Tata Tata Units Sold 12,000 10,000 Unit Selling 11.00 6.00 10.00 5.00 Price 3.30 2.70 Unit Costs 6.30 6.00 3.00 Uni GP 4.70 4.00 2.00 A.) Sales Price Variance B.) Cost Price Variance C.) Quantity Variance D.) Total Gross Profit Variance E.) Sales Mix Variance F.) Final Sales Volume Mariance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A.) Sales Price Variance
B.) Cost Price Variance
C.) Quantity Variance
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
175,000
105.000
70,000
Net Sales
228,000
128,400
99,600
Cost of Sales
Gross Margin
Additional Data:
2021
2020
Chimmy
16,000
6.00
Tata
Chimmy
15,000
Items
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
A.) Sales Price Variance
B.) Cost Price Variance
C.) Quantity Variance
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%2F227a1ed5-72c4-4207-b7d7-e334f9eeb793%2Fmkgeqg_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
2021
2020
175,000
105.000
70,000
Net Sales
228,000
128,400
99,600
Cost of Sales
Gross Margin
Additional Data:
2021
2020
Chimmy
16,000
6.00
Tata
Chimmy
15,000
Items
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
A.) Sales Price Variance
B.) Cost Price Variance
C.) Quantity Variance
D.) Total Gross Profit Variance
E.) Sales Mix Variance
F.) Final Sales Volume Variance
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