Jungkook Company present the following data for analysis affecting its Gross Profit. The company is selling 2 products, Tata and Chimmy 2021 2020 Net Sales 175,000 Cost of Sales Gross Margin 228,000 128,400 99,600 105.000 70,000 Additional Data: 2021 2020 Chimmy 16,000 Chimmy 15,000 Items Tata Tata Units Sold 12,000 10,000 Unit Selling 11.00 6.00 10.00 5.00 Price 3.30 2.70 Unit Costs 6.30 6.00 3.00 Uni GP 4.70 4.00 2.00 A.) Sales Price Variance B.) Cost Price Variance C.) Quantity Variance D.) Total Gross Profit Variance E.) Sales Mix Variance F.) Final Sales Volume Mariance
Jungkook Company present the following data for analysis affecting its Gross Profit. The company is selling 2 products, Tata and Chimmy 2021 2020 Net Sales 175,000 Cost of Sales Gross Margin 228,000 128,400 99,600 105.000 70,000 Additional Data: 2021 2020 Chimmy 16,000 Chimmy 15,000 Items Tata Tata Units Sold 12,000 10,000 Unit Selling 11.00 6.00 10.00 5.00 Price 3.30 2.70 Unit Costs 6.30 6.00 3.00 Uni GP 4.70 4.00 2.00 A.) Sales Price Variance B.) Cost Price Variance C.) Quantity Variance D.) Total Gross Profit Variance E.) Sales Mix Variance F.) Final Sales Volume Mariance
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...
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A.) Sales Price Variance
B.) Cost Price Variance
C.) Quantity Variance
D.) Total Gross Profit Variance
E.) Sales Mix Variance
F.) Final Sales Volume Variance
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