Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales Price factor shows a variance of: a. P56,000 F b. P56,000 U c. P100,000 F d. P100,000 U
Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales Price factor shows a variance of: a. P56,000 F b. P56,000 U c. P100,000 F d. P100,000 U
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...
Related questions
Question
May I ask for an explanation and solution to the question for a better understanding. Thank you!
19. Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales Price factor shows a variance of:
a. P56,000 F
b. P56,000 U
c. P100,000 F
d. P100,000 U
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College