Vision Inc. wants to analyze its variances in its actual and budgeted operation. Provide the required information below using the following data.

• It is noted that there is no difference between the actual gross profit and budgeted gross profit.
• Budgeted Sales is at P6,500 while actual sales is P1,500 greater than the budgeted sales
• Budgeted Cost of Goods Sold is at P4,500 while actual Cost of Goods Sold is P1,500 greater than the budgeted Cost of Goods Sold.
• Actual Units sold at budgeted sales price is 6,000
• Actual Units sold at budgeted cost price is 4,500

1. What is the sale price variance?

2. What is the sale price variance, under 3 way?

3. Determine the Cost price variance, under 4 way?

4. Determine the Cost price variance, under 3 way?

5. Determine the Volume Variance

6. What is the sales volume variance, under 4 way?

7. Determine the Cost price volume variance?

8. Determine the Gross Profit Variance

9. Percentage change in Selling Price

10. Percentage change in Cost Price Please provide solution