For the month of April, budgeted sales were $100,000 and budgeted cost of goods sold was $80,000.
Question:
For the month of April, budgeted sales were $100,000 and budgeted cost of goods sold was $80,000. Actual sales were $80,000 and actual cost of goods sold amounted to $90,000. In preparing its monthly performance report:
1). An unfavorable gross profit variance of $10,000.
2). A favorable gross profit variance of $20,000.
3). NONE of these choices.
4). An unfavorable gross profit variance of $20,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
Question Posted: