1. What is the cost price variance?2. What is the sales volume variance?3. What is the sales mix variance? Bulldogs Inc. sells the following products. The following were obtained from the records:2022Units soldCost of Sales10,000.009,000.0019,000.00Gross ProfitProductsDog FoodSales12,000.002,000.00500.0010,000.001,000.003,000.00Dog Treats250.0022,000.00750.002021ProductsSalesCost of SalesGross ProfitUnitsDog FoodDog Treats11,000.0010,000.0010,000.001,000.00250.008,000.002,000.00250.0021,000.0018,000.003,000.00500.00

Variance analysis is a financial and managerial accounting approach that compares actual performance…

Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Products Dog Food Dog Treats Products Dog Food Dog Treats Sales 12,000.00 10,000.00 22,000.00 Sales 11,000.00 10,000.00 21,000.00 10,000.00 9,000.00 19,000.00 2021 Cost of Sales 10,000.00 8,000.00 18,000.00 Gross Profit 2,000.00 1,000.00 3,000.00 Gross Profit 1,000.00 2,000.00 3,000.00 Units sold 500.00 250.00 750.00 Units 250.00 250.00 500.00

Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Products Dog Food Dog Treats Products Dog Food Dog Treats Sales 12,000.00 10,000.00 22,000.00 Sales 11,000.00 10,000.00 21,000.00 10,000.00 9,000.00 19,000.00 2021 Cost of Sales 10,000.00 8,000.00 18,000.00 Gross Profit 2,000.00 1,000.00 3,000.00 Gross Profit 1,000.00 2,000.00 3,000.00 Units sold 500.00 250.00 750.00 Units 250.00 250.00 500.00

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

1. What is the cost price variance?

2. What is the sales volume variance?

3. What is the sales mix variance?

Bulldogs Inc. sells the following products. The following were obtained from the records:
2022
Units sold
Cost of Sales
10,000.00
9,000.00
19,000.00
Gross Profit
Products
Dog Food
Sales
12,000.00
2,000.00
500.00
10,000.00
1,000.00
3,000.00
Dog Treats
250.00
22,000.00
750.00
2021
Products
Sales
Cost of Sales
Gross Profit
Units
Dog Food
Dog Treats
11,000.00
10,000.00
10,000.00
1,000.00
250.00
8,000.00
2,000.00
250.00
21,000.00
18,000.00
3,000.00
500.00

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