The cost price factor shows a variance of:   a) P95,250 unfavorable   b) P61,500 unfavorable   c) P42,000 unfavorable   d) P33,750 favorable

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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17. The cost price factor shows a variance of:
 
a) P95,250 unfavorable
 
b) P61,500 unfavorable
 
c) P42,000 unfavorable
 
d) P33,750 favorable
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Items 16 through 19 are based on the following information: Asiatic Manufacturing Co., a multi-product company, has
the following data available for gross profit analysis:
PRODUCTS
Total
P510,000
2020
P240,000
210,000
30,000
P45,000
33,750
7,500
Sales
P225,000
Cost of sales
No. of units
423,750
60,000
22,500
000 00
2021
Sales
Cost of sales
No. of units
P360,000
270,000
30,000
P270,000
225,000
30,000
P30,000
24,000
6,000
P660,000
519,000
66,000
Transcribed Image Text:Paragraph Styles Items 16 through 19 are based on the following information: Asiatic Manufacturing Co., a multi-product company, has the following data available for gross profit analysis: PRODUCTS Total P510,000 2020 P240,000 210,000 30,000 P45,000 33,750 7,500 Sales P225,000 Cost of sales No. of units 423,750 60,000 22,500 000 00 2021 Sales Cost of sales No. of units P360,000 270,000 30,000 P270,000 225,000 30,000 P30,000 24,000 6,000 P660,000 519,000 66,000
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