G.) Price VarianceH.) Price-Quantity VarianceI.) Cost VarianceJ.) Cost-Quantity Variance The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021showed the following data.田20202021924,000800,000480.000320,000180,000140,000Net Sales501,600Cost of SalesGross MarginOperating Expenses422,400220,000202,400Net IncomeAdditional Data:80,00010.006.00Units Sold88,000Unit Selling Price10.50Unit Cost5.70Analyze if Favorable or Unfavorable.A.) Sales Price Variance =44,000 FB.) Sales Volume Variance = 80,000 FC.) Sales Variance =124,000 FD.) Cost Price VarianceE.) Cost Volume VarianceF.) Total Gross Profit VarianceG.) Price VarianceH.) Price-Quantity VarianceL) Cost VarianceJ.) Cost-Quantity Variance

Name: G.) Price VarianceH.) Price-Quantity VarianceI.) Cost VarianceJ.) Cost
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Description: G.) Price VarianceH.) Price-Quantity VarianceI.) Cost VarianceJ.) Cost-Quantity Variance The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021showed the following data.田20202021924,000800,000480.000320,000180,000140,000Ne

SOLUTION 1-PRICE VARIANCE = (SELLING PRICE 2021 - SELLING PRICE 2020) * UNIT SOLD IN 2020. 2- PRICE…

Business

Accounting

The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021 showed the following data. 2020 2021 800,000 480,000 320,000 924,000 501,600 422,400 220,000 202,400 Net Sales Cost of Sales Gross Margin Operating Expenses Net Income 180,000 140,000 Additional Data: Units Sold 80,000 88,000 Unit Selling Price 10.50 10.00 6.00 Unit Cost 5.70 Analyze if Favorable or Unfavorable. A.) Sales Price Variance = 44,000 F B.) Sales Volume Variance = 80,000 F C.) Sales Variance =124,000 F D.) Cost Price Variance E.) Cost Volume Variance F.) Total Gross Profit Variance G.) Price Variance H.) Price-Quantity Variance I.) Cost Variance J.) Cost-Quantity Variance

The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021 showed the following data. 2020 2021 800,000 480,000 320,000 924,000 501,600 422,400 220,000 202,400 Net Sales Cost of Sales Gross Margin Operating Expenses Net Income 180,000 140,000 Additional Data: Units Sold 80,000 88,000 Unit Selling Price 10.50 10.00 6.00 Unit Cost 5.70 Analyze if Favorable or Unfavorable. A.) Sales Price Variance = 44,000 F B.) Sales Volume Variance = 80,000 F C.) Sales Variance =124,000 F D.) Cost Price Variance E.) Cost Volume Variance F.) Total Gross Profit Variance G.) Price Variance H.) Price-Quantity Variance I.) Cost Variance J.) Cost-Quantity Variance

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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Similar questions

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