Assuming that the sales price increased by 5%, what is the cost price variance? 20212020SalesP 6,235,500 | P 6,000,000Cost of Sales 5,049,0005,000,000

Let the data for 2020 be the standards for 2021, Let the volume in 2020 i.e. Sv = 1000 Hence, Cost…

Answered: 2021 2020 Sales P 6,235,500 P 6,000,000…

Business

Accounting

2021 2020 Sales P 6,235,500 P 6,000,000 Cost of Sales 5,049,000 5,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Assuming that the sales price increased by 5%, what is the cost price variance?

2021
2020
Sales
P 6,235,500 | P 6,000,000
Cost of Sales 5,049,000
5,000,000

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