ABC Company is a wholesaler that sells a single product at 103.40 per unit its cost analyst has collated the necessary information for the gross profit analysis, comparing actual budget for its product. The actual budget data for the month of March of the current year show

	Actual	Budgeted
Sales volume (units)	6,500	7,000
Cost of Goods sold	415,500	478,600

1. present the gross profit variance analysis.

ABC Coffee Company is concerned with its gross profit negating the increase of its sales. It presents the following data for two species of coffee, Aba and Roa, for 2020 and 2019:

		2020			2019
		Kilos	Price / Kg.	Amount	Kilos	Price / Kg.	Amount
Net Sales
	Aba	13,000	390	5,070,000	11,500	400	4,600,000
	Roa	11,000	360	3,960,000	12,000	330	3,960,000
Total				9,030,000			8,560,000
Cost of Goods Sold
	Aba	13,000	320	4,160,000	11,500	350	4,025,000
	Roa	11,000	300	3,300,000	12,000	240	2,880,000
Total				7,460,000			6,905,000
				1,570,000			1,655,000

1. Calculate and analyze the gross profit variance.