Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Units sold Products Dog Food Dog Treats Sales 12,000.00 Gross Profit 2,000.00 10,000.00 500.00 10,000.00 9,000.00 19,000.00 1,000.00 250.00 22,000.00 3,000.00 750.00 2021 Cost of Sales Products Dog Food Dog Treats Gross Profit 1,000.00 2,000.00 Sales Units 11,000.00 10,000.00 10,000.00 8,000.00 250.00 250.00 21,000.00 18,000.00 3,000.00 500.00
Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Units sold Products Dog Food Dog Treats Sales 12,000.00 Gross Profit 2,000.00 10,000.00 500.00 10,000.00 9,000.00 19,000.00 1,000.00 250.00 22,000.00 3,000.00 750.00 2021 Cost of Sales Products Dog Food Dog Treats Gross Profit 1,000.00 2,000.00 Sales Units 11,000.00 10,000.00 10,000.00 8,000.00 250.00 250.00 21,000.00 18,000.00 3,000.00 500.00
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Question
What is the cost price variance?
A. 8,000U
B. 6,000F
C. 9,000U
D. 7,500U
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