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Gross profit analysis. The Summers Sporting Goods Shop presents the following data for two pes of racquetball gloves, leather and fabric, for 19A and 19B
Gross profit analysis. The Summers Sporting Goods Shop presents the following data for two pes of racquetball gloves, leather and fabric, for 19A and 19B 19A Per 19B Per Units Unit Amount Units Unit Amount Sales: 8,000 $8.00 $64,000 12.000 $10.00 $120,000 Leather racquetball gloves. Fabric racquetball gloves. 8,000 4.00 32,000 20,000 6.00 120,000 $240,000 $96,000 Cost of goods sold: Leather racquetball gloves.8,000 $6.00 $48,000 12,000 9.00 $108,000 Fabric racquetball gloves .. $72,000 $208,000 Gross profit.6,000 $1.50 $24.000 32,000 1.00 32,000 Required: (1) The price and volume variances for sales and cost. (2) The sales mix and final sales volume variances
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