33 What is the cost volume variance? *Sample format: 111,111 F or 111,111 UNational Co. produces and sells cellular phone blaster, a gadget which explodes when activatedwith a remote com mander. This is used by cell phone owners when their unit is snatched from themor is taken by thieves. The static master budget and the adu al results of operations for the monthof June are as follows:Budget8,000 unitsP800,000480,000P320.000AdualSalesCost of goods soldGross profit9,600 un itsP1,056,000556.800P499.200Management wants an expla ntation ofthe favorable gross profit variance of P179,200 (acual grossprofit of P499,200 less budgeted gross profit of P320,000).

Cost Volume Variance refers to the variance which arises when actual cost of goods sold differs…

Answered: What is the cost volume variance? *…

Business

Accounting

What is the cost volume variance? * Sample format: 111,111 F or 111,111 U

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 11PB: Use the following standard cost card for 1 gallon of ice cream to answer the questions. Actual...

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