Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Units sold Products Dog Food Dog Treats Cost of Sales 10,000.00 Gross Profit 2,000.00 Sales 12,000.00 500.00 10,000.00 9,000.00 1,000.00 250.00 22,000.00 19,000.00 3,000.00 750.00 2021 Products Sales Cost of Sales Gross Profit Units Dog Food Dog Treats 250.00 11,000.00 10,000.00 10,000.00 1,000.00 2,000.00 8,000.00 250.00 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 Units sold Products Dog Food Dog Treats Cost of Sales 10,000.00 Gross Profit 2,000.00 Sales 12,000.00 500.00 10,000.00 9,000.00 1,000.00 250.00 22,000.00 19,000.00 3,000.00 750.00 2021 Products Sales Cost of Sales Gross Profit Units Dog Food Dog Treats 250.00 11,000.00 10,000.00 10,000.00 1,000.00 2,000.00 8,000.00 250.00 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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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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What is the sales mix variance?
A. 550U
B. 450F
C. 400F
D. 500U
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