Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6.7 K/s [ 354 3:49 BAFINMAX Learning Activity 5 - finals 3TAY2... Vargross Company presented the following data for analysis affecting its gross profit. The

image text in transcribedimage text in transcribed

6.7 K/s [ 354 3:49 BAFINMAX Learning Activity 5 - finals 3TAY2... Vargross Company presented the following data for analysis affecting its gross profit. The company is selling two products, Avon and Bona 2020 Net Sales Cost of Sales Gross Margin 2021 228,000 128,400 99,600 175,000 105,000 70,000 Additional data: Items Units sold Unit selling price Unit costs 2021 Avon 12,000 11.00 6.30 4.70 Bona 16,000 6.00 3.30 2.70 2020 Avon 10,000 10.00 6.00 4.00 Bona 15,000 5.00 3.00 Unit GP 2.00 21 Sales price variance * (1 Point) Format: 11,111 F or 11,111 U Enter your answer 22 Cost price variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 23 Quantity variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 24 Total gross profit variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 25 101 354 3:49 BAFINMAX Learning Activity 5 - finals 3TAY2... LILCI your ans VCI 25 Sales mix variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 26 Final sales volume variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer Back Submit Page 3 of 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions