Sharp Co. has generated these data for the 2 most recent years where 2021 sales price was 10% lower than 2020: 2021 2020 P1,944,000 Sales Cost of Sales 1,152,000 Gross Profit P 792,000 Sales volume variance must be A. P259,200U B. P259,200F P1,900,800 1,113,600 P787,200 C. P151,200U D. P216,000F

Sharp Co. has generated these data for the 2 most recent years where 2021 sales price was 10% lower than 2020: 2021 2020 P1,944,000 Sales Cost of Sales 1,152,000 Gross Profit P 792,000 Sales volume variance must be A. P259,200U B. P259,200F P1,900,800 1,113,600 P787,200 C. P151,200U D. P216,000F

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

100%

Sharp Co. has generated these data for the 2 most recent
years where 2021 sales price was 10% lower than 2020:
2021
2020
P1,944,000
Sales
Cost of Sales
1,152,000
Gross Profit P 792,000
Sales volume variance must be
A. P259,200U
B. P259,200F
P1,900,800
1,113,600
P787,200
C. P151,200U
D. P216,000F

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