present 4 way gross profit variance analysis:

1. sales price

2. sales volume

3. sales variance

4. cost price

5. cost volume

6. cost variance

7. gross profit variance

Problem 5. Angel Company is a wholesaler that sells a single product at P103.40 per unit. Its cost analyst has collated the necessary information for the gross profit analysis, comparing actual to budget for its product. The actual and budget data for the month of March of the current year show: Actual Budgeted Sales volume (units) 5,000 6,000 Cost of goods sold P315,500 P378,600 Required: Present the gross profit variance analysis