Kopiko Corporation is concerned with its gross profit negating the increase of its sales. It has the following data for 2019 and 2020 for two species of coffee, Latte and Espresso:

Compute and analyze the gross profit variance

2020 Price per kilogram 2019 Price per kilogram Kilograms Amount Kilograms Amount $390 360 $4,680,000 3,600,000 8,280,000 10,500 11,000 $400 330 $4,200,000 3,630,000 7,830,000 Net Sales Latte 12,000 Espresso 10,000 Total Cost of Goods Sold Latte Espresso Total Gross Profit 320 300 350 240 3,840,000 3,000,000 6,840,000 $1,440,000 3,675,000 2,640,000 6,315,000 $1,515,000