SDI Inc. expected to sell in October 2022 1,000 units of smartphones with a purchase cost per unit of P55,000, and expected to earn a gross profit per unit of P10,000. At the end of the month, after selling 100 more units, it reported a shortfall in actual gross profit by P1,200,000 partly because purchase cost increased by P1,000 per unit. How much is the sales price variance? Answer Format: 1,111,111 F or 1,111,111 U
SDI Inc. expected to sell in October 2022 1,000 units of smartphones with a purchase cost per unit of P55,000, and expected to earn a gross profit per unit of P10,000. At the end of the month, after selling 100 more units, it reported a shortfall in actual gross profit by P1,200,000 partly because purchase cost increased by P1,000 per unit. How much is the sales price variance? Answer Format: 1,111,111 F or 1,111,111 U
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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SDI Inc. expected to sell in October 2022 1,000 units of smartphones with a purchase cost per unit of P55,000, and expected to earn a gross profit per unit of P10,000. At the end of the month, after selling 100 more units, it reported a shortfall in actual gross profit by P1,200,000 partly because purchase cost increased by P1,000 per unit. How much is the sales price variance?
Answer Format: 1,111,111 F or 1,111,111 U
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