What is the Sales Volume Variance under 4-way analysis?se, the current ratio will

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bulldogs Inc. has current assets of P3,000,000 and a current ratio of 2.3 times before acquiring P300,000 of merchandise on credit. After this purchaBulldogs Inc. wants to analyze the variances in its actual and budgeted gross profit. The following are available:

·  Actual gross profit and actual gross profit ratio is P600,000 and 25%, respectively.
·  The actual sales are P400,000 more than the total budgeted sales.
·  Budgeted sales price at actual quantity sold is P2,000,000

What is the Sales Volume Variance under 4-way analysis?se, the current ratio will

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