PROBLEM 9. Basic Foods expected to sell 30,000 of itsfishcharon at P300 each. It actually sold 29,000 at P298.Variable cost per pack is P140.Determine the sales price variance and sales volume variance.PROBLEM 10 The controller of Palma Company is examiningthe following budgeted and actual income statements for itsprincipal product for 2021. All amounts are in thousands ofpesos.BudgetP4,800.01,668.0P3.120.0ActualP4,967.21.780.8P3.186.4SalesVariable costContribution marginThe budgeted unit selling price is P8.00. Actual unit volume is6% over budget, but the actual selling price is below budget.Per-unit variable costs are incurred as budgeted.Determine the sales price variance and sales volume variance.

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PROBLEM 9. Basic Foods expected to sell 30,000 of its fishcharon at P300 each. It actually sold 29,000 at P298. Variable cost per pack is P140. Determine the sales price variance and sales volume variance.

PROBLEM 9. Basic Foods expected to sell 30,000 of its fishcharon at P300 each. It actually sold 29,000 at P298. Variable cost per pack is P140. Determine the sales price variance and sales volume variance.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 24E: Rosenberry Company computed the following revenue variances for January: Revenue price variance...

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Question

PROBLEM 9. Basic Foods expected to sell 30,000 of its
fishcharon at P300 each. It actually sold 29,000 at P298.
Variable cost per pack is P140.
Determine the sales price variance and sales volume variance.
PROBLEM 10 The controller of Palma Company is examining
the following budgeted and actual income statements for its
principal product for 2021. All amounts are in thousands of
pesos.
Budget
P4,800.0
1,668.0
P3.120.0
Actual
P4,967.2
1.780.8
P3.186.4
Sales
Variable cost
Contribution margin
The budgeted unit selling price is P8.00. Actual unit volume is
6% over budget, but the actual selling price is below budget.
Per-unit variable costs are incurred as budgeted.
Determine the sales price variance and sales volume variance.

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