May I ask for an explanation and solution to the question for a better understanding. Thank you! 4. Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018 - P792,000. Cost of sales = 2019 - 480,000; 2018 - 464,000. Gross profit = 2019 - P330,000; 2018 - P328,000. Sales price was 10% lower during 2019. The sales volume variance must be: a. P63,000 U b. P90,000 F c. P108,000 F d. P108,000 U
May I ask for an explanation and solution to the question for a better understanding. Thank you! 4. Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018 - P792,000. Cost of sales = 2019 - 480,000; 2018 - 464,000. Gross profit = 2019 - P330,000; 2018 - P328,000. Sales price was 10% lower during 2019. The sales volume variance must be: a. P63,000 U b. P90,000 F c. P108,000 F d. P108,000 U
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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May I ask for an explanation and solution to the question for a better understanding. Thank you!
4. Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018 - P792,000. Cost of sales = 2019 - 480,000; 2018 - 464,000. Gross profit = 2019 - P330,000; 2018 - P328,000. Sales price was 10% lower during 2019. The sales volume variance must be:
a. P63,000 U
b. P90,000 F
c. P108,000 F
d. P108,000 U
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