A.) Sales Price VarianceB.) Sales Volume VarianceC.) Sales VarianceD.) Cost Price VarianceE.) Cost Volume VarianceF.) Total Gross Profit VarianceG.) 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.20202021924,000501.600Net Sales800.000Cost of SalesGross MarginOperating Expenses480,000320.000422,400220,000202,400180,000Net Income140,000Additional Data:Units Sold80,00088,000Unit Selling PriceUnit Cost10.0010.506.005.70A.) Sales Price VarianceB.) Sales Volume VarianceC.) Sales VarianceD.) Cost Price VarianceE.) Cost Volume VarianceF.) Toral Gross Profit VarianceG.) Price VarianceH.) Price-Quantity VarianceL.) Cost VarianceJ.) Cost-Quantity VarianceAccessibility: Investigate

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Description: A.) Sales Price VarianceB.) Sales Volume VarianceC.) Sales VarianceD.) Cost Price VarianceE.) Cost Volume VarianceF.) Total Gross Profit VarianceG.) Price VarianceH.) Price-Quantity VarianceI.) Cost VarianceJ.) Cost-Quantity Variance The Income State

SOLUTION FORMULAS- 1- SALES PRICE VARIANCE - (UNITS SELLING PRICE IN 2021-UNITS SELLING PRICE IN…

Business

Accounting

The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021 showed the following data. 2020 2021 Net Sales 800.000 924,000 501.600 Cost of Sales Gross Margin Operating Expenses Net Income 480,000 320,000 180,000 422,400 220,000 202,400 140,000 Additional Data: Units Sold 80,000 88,000 10.50 Unit Selling Price Unit Cost 10.00 6.00 5.70 A.) Sales Price Variance B.) Sales Volume Variance C.) Sales Variance D.) Cost Price Variance E.) Cost Volume Variance F.) Toral Gross Profit Variance G.) Price Variance H.) Price-Quantity Variance L) 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 Net Sales 800.000 924,000 501.600 Cost of Sales Gross Margin Operating Expenses Net Income 480,000 320,000 180,000 422,400 220,000 202,400 140,000 Additional Data: Units Sold 80,000 88,000 10.50 Unit Selling Price Unit Cost 10.00 6.00 5.70 A.) Sales Price Variance B.) Sales Volume Variance C.) Sales Variance D.) Cost Price Variance E.) Cost Volume Variance F.) Toral Gross Profit Variance G.) Price Variance H.) Price-Quantity Variance L) 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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