A.) Sales Price VarianceB.) Cost Price VarianceC.) Quantity VarianceD.) 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 Chimmy20212020175,000105.00070,000Net Sales228,000128,40099,600Cost of SalesGross MarginAdditional Data:20212020Chimmy16,0006.00TataChimmy15,000ItemsTataUnits Sold12,00010,000Unit Selling11.0010.005.00PriceUnit Costs6.303.306.003.00Uni GP4.702.704.002.00A.) Sales Price VarianceB.) Cost Price VarianceC.) Quantity VarianceD.) Total Gross Profit VarianceE.) Sales Mix VarianceF.) Final Sales Volume Variance

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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

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

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

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