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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
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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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
Transcribed Image Text: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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