nder 4-way analysis?
Q: Jungkook Company present the following data for analysis affecting its Gross Profit. The company is…
A: Gross profit variance is computed by finding the difference between the given gross profits.
Q: Define sales volume variance.
A: Sales volume variance (also known as sales quantity variance) occurs when the actual quantity of…
Q: Type of Variance Amount Analysis Sales Price Variance 4,000 Favorable Cost Volume Variance, 4-way…
A: Cost volume variance when arises when actual cost is not same as standard cost. When actual cost is…
Q: Jungkook Company present the following data for analysis affecting its Gross Profit. The company is…
A: Since we answer only up to three sub-parts, we shall answer the first three. Please resubmit a new…
Q: The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021 showed the…
A: SOLUTION 1-PRICE VARIANCE = (SELLING PRICE 2021 - SELLING PRICE 2020) * UNIT SOLD IN 2020. 2- PRICE…
Q: b) Why are separate price and quantity variances computed?
A: Variances is a word used for finding out the difference between the actual and standard levels set…
Q: 2021 Sales P190 Cost of Goods Sold 150 Gross Profit P40
A: Sale Price Variance is the difference between the actual and budgeted selling price into the actual…
Q: What is the interpretation of the direct-material price variance and the direct-material purchase…
A: Definition: Variance: Variance refers to the different levels in the actual cost incurred and…
Q: I need help determining the price volume variance
A: The volume variance is the difference between actual and estimated volume. Price variance is the…
Q: Data for National Co. is as follows: Product A 2020 10,000 2021 20,000 P15 P7.50 Product B 2020 2021…
A:
Q: National Co. produces and sells cellular phone blaster, a gadget which explodes when activated with…
A: Cost Volume Variance is the variance between the difference of Standard Quantity and Actual quantity…
Q: Why are separate price and quantity variances computed?
A:
Q: What are the relationships among a selling price variance, a sales mix variance, a sales…
A: Definition: Variance: Variance refers to the different levels in the actual cost incurred and…
Q: How much is the sales price-volume variance?
A: Changes in sales price from budget price = P100 Given, Sales quantity variance which is unfavorable…
Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…
A: SOLUTION FORMULAS 1- SALES PRICE VARIANCE = (CURRENT YEAR SELLING PRICE - LAST YEAR SELLING…
Q: me Variance F.) Total Gross Profit Variance G.) Price Variance H.) Price-Quantity Variance I.) Cost…
A:
Q: The income statement of GMA Company for the years ended December 31, 2020 and 2021 showed the…
A: 2021 Units Sold (Actual) = 88000 2020 Units Sold (Budgeted)= 80000 Budgeted Price / Planned price…
Q: Earle Soup Company makes three varieties of soups: Bean, Tomato, and Vegetable. Sales volume for the…
A: Sales mix variance = Revised standard sales - Standard sales Standard sales = Actual selling…
Q: cost price variance
A: cost price variance is calculated as: (Actual unit cost - Standard unit cost) * Actual quantity…
Q: Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost…
A: Variance analysis is a financial and managerial accounting approach that compares actual performance…
Q: Q.Calculate the selling-price variance.
A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…
Q: b. Calculate the profit variance c. Calculate the total revenue variance. d) Calculate the…
A: Profit Variance = Budgeted profit for 19,000 visits - Actual profit for 19,000 visits…
Q: The following income statement data presented by VGP Company for the years ended December 31, 2020…
A:
Q: You are required to calculate: i. The sales price variance. ii. The sales volume profit variance.…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…
Q: The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021 showed the…
A: SOLUTION FORMULAS- 1- SALES PRICE VARIANCE - (UNITS SELLING PRICE IN 2021-UNITS SELLING PRICE IN…
Q: Finch Manufacturing Company established the following standard price and cost data: Sales price $…
A: Standard costs are estimates of the actual costs in a company’s production processThen, the actual…
1. What is the sale price variance under 3-way analysis?
2. What is the cost volume variance under 4-way analysis?
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- BC company had net sales of RO 75000 and gross profit is RO 18750 in the year 2019. The net sales in 2020 is RO 90000 then estimated cost of goods sold will be a. RO 67500 b. RO 22500 c. RO 75000 d. RO 71250ABC company had net sales of RO 75000 and gross profit is RO 18750 in the year 2019. The net sales in 2020 is RO 90000 then estimated cost of goods sold will be a. RO 67500 b. RO 75000 c. RO 22500 d. RO 71250Assume the following cost of goods sold data for a company: 2023 $1295360 2022 1209000 2021 1012000 If 2021 is the base year, what is the percentage increase in cost of goods sold from 2021 to 2023?
- Gee Hee Traders started operating in 2021. For the year ended 2021, the sales, purchases, and closing inventory are P500,000, P200,000, and P10,000 respectively. What is the amount of cost of goods sold for the year ended 2021? Your answerQuestions: 1. What would be the amount of decrease in gross profit due to the change in selling price assuming the selling prices were 10% lower during 2020? 2. What would be the amount of change in gross profit assuming the quantity sold increases by 5% from 2019 to 2020? 3. What would be the percentage changes in cost price assuming the quantity sold increases by 5% from the base year to 2020?Help me answer this TY
- Jan Cahilig Traders started operating in 2020. For the year ended 2020, the sales, purchases, and closing inventory are P500,000, P300,000 and P40,000. What is the gross profit for the year ended 2020?Use the given statement of comprehensive income below in answering the question. DEF Company, Income Statement 2021 2020 Sales P10,200.00 P9,600.00 Cost of Goods Sold P3,000.00 P2,600.00 Gross Profit P7,200.00 P7,000.00 Operating Expenses P2,400.00 P2,200.00 Operating Profit P4,800.00 P4,800.00 Interest Expense P900.00 P800.00 Earnings before tax P3,900.00 P4,000.00 Income Tax P1,560.00 P1,600.00 Net Profit P2,340.00 P2,400.00 How many percent of the sales is the operating expenses in 2021 and 2020? A 8.82% and 8.33% 70.59% and 72.92% 29.41% and 27.08% 23.53% and 22.92%Use the given statement of comprehensive income below in answering the question. DEF Company, Income Statement 2021 2020 Sales P10,200.00 P9,600.00 Cost of Goods Sold P3,000.00 P2,600.00 Gross Profit P7,200.00 P7,000.00 Operating Expenses P2,400.00 P2,200.00 Operating Profit P4,800.00 P4,800.00 Interest Expense P900.00 P800.00 Earnings before tax P3,900.00 P4,000.00 Income Tax P1,560.00 P1,600.00 Net Profit P2,340.00 P2,400.00 What is the percent change of net profit? А -3.5% В 12.5% C) -12.5% -2.5%
- Compute the amount and percentage change from 2025 to 2026. (Round percentages to 1 decimal place, e.g. 17.5%. If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -52.7% or (55,000), (52.7%).) Item Net Sales Cost of Goods Sold Gross Profit $ Amount Percentage % % %Jan Cahilig Traders started operating in 2020. For the year ended 2020, the sales, purchases, and closing inventory are P600,000, P300,000 and P20,000. What is the cot of goods sold for the year ended 2020?Operating data for Joshua Corporation are presented as follows: Net Sales Cost of Goods Sold Selling Expenses Administrative Expenses Income Tax Expense Net Income 2022 800,000 520,000 120,000 60,000 30,000 70,000 Instructions Prepare a schedule showing a vertical analysis for 2022 and 2021. Net Sales Cost of Goods Sold Gross Profit Selling Expenses Your Answers: FYI: Format the percent cols to one decimal place. Ex 99.9% 2022 Administrative Expenses Total Operating Expenses Income Before Income Taxes Income Tax Expense Net Income 2021 600,000 408,000 72,000 48,000 24,000 48,000 Amount 800,000 520,000 280,000 120,000 60,000 180,000 100,000 30,000 70,000 Percent 100.0% 2021 Amount Percent 600,000 100.0% 408,000 192,000 72,000 48,000 120,000 72,000 24,000 48,000