Determine the Following:Sales volume varianceSales varianceCost volume variance Q SearchBAFINMAX Learning Activity 3 - midterm 2TAY2122 (ANGELES 2TAY2122 BAFINMAX ACT204)CloseActivityDetermine the following:ChatThe income statement of GMA Company for the yearsTeamsendedAssignmentsDecember 31, 2020 and 2021 showed the following data.田Calendar20202021CallsNet Sales800,000924,000Cost of SalesGross MarginOperating expensesNet income480,000320,000180,000140,000501,600422,400220,000202,400Additional Data:80,000Units soldUnit selling price88,000Apps10.0010.50Unit cost6.005.70Help7:40 pm01/28/2022a 4) ENG

2021 Units Sold (Actual) = 88000 2020 Units Sold (Budgeted)= 80000 Budgeted Price / Planned price…

The income statement of GMA Company for the years ended December 31, 2020 and 2021 showed the following data. 2020 2021 Net Sales 800,000 924,000 Cost of Sales 480,000 501,600 Gross Margin 320,000 422,400 180,000 140,000 Operating expenses 220,000 202,400 Net income Additional Data: Units sold 80,000 88,000 Unit selling price 10.00 10.50 Unit cost 6.00 5.70

The income statement of GMA Company for the years ended December 31, 2020 and 2021 showed the following data. 2020 2021 Net Sales 800,000 924,000 Cost of Sales 480,000 501,600 Gross Margin 320,000 422,400 180,000 140,000 Operating expenses 220,000 202,400 Net income Additional Data: Units sold 80,000 88,000 Unit selling price 10.00 10.50 Unit cost 6.00 5.70

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 74.6C: Case 1-74 Comparative Analysis: Under Armour, lnc., versus Columbia Sportswear Refer to the 10-K...

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usiness AccountingQ&A LibraryGet live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the company's records show the following accounts and the amount of August. Cash =$25,460. Acct Receivable =$22,510; Land = $44,130 Office equipment =20,160 Office Supplies =$5,380; Acct payable =$10,370 Dividends =$ 6130 Consulting fees earned =$27,130 Rent expense =$9690 Salaries expense =$5710 Telephone expense =$1010 Miscellaneous expense =$ 620 Common stock =$103,300 Use the above information to prepare an August statement of retained ernigs for the company.(Net income for August is $10,100) Get live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the…
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