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 ParagraphStylesItems 16 through 19 are based on the following information: Asiatic Manufacturing Co., a multi-product company, hasthe following data available for gross profit analysis:PRODUCTSTotalP510,0002020P240,000210,00030,000P45,00033,7507,500SalesP225,000Cost of salesNo. of units423,75060,00022,500000 002021SalesCost of salesNo. of unitsP360,000270,00030,000P270,000225,00030,000P30,00024,0006,000P660,000519,00066,000

Cost Price Variance shows the variation of actual cost of goods from the budgeted cost of goods…

Answered: The cost price factor shows a variance…

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

Section: Chapter Questions

Problem 1Q

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Question

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

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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