1. What is the cost price variance?2. What is the sales volume variance?3. What is the sales mix variance? Bulldogs Inc. sells the following products. The following were obtained from the records:2022Units soldCost of Sales10,000.009,000.0019,000.00Gross ProfitProductsDog FoodSales12,000.002,000.00500.0010,000.001,000.003,000.00Dog Treats250.0022,000.00750.002021ProductsSalesCost of SalesGross ProfitUnitsDog FoodDog Treats11,000.0010,000.0010,000.001,000.00250.008,000.002,000.00250.0021,000.0018,000.003,000.00500.00

Variance analysis is a financial and managerial accounting approach that compares actual performance…

Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Products Dog Food Dog Treats Products Dog Food Dog Treats Sales 12,000.00 10,000.00 22,000.00 Sales 11,000.00 10,000.00 21,000.00 10,000.00 9,000.00 19,000.00 2021 Cost of Sales 10,000.00 8,000.00 18,000.00 Gross Profit 2,000.00 1,000.00 3,000.00 Gross Profit 1,000.00 2,000.00 3,000.00 Units sold 500.00 250.00 750.00 Units 250.00 250.00 500.00

Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Products Dog Food Dog Treats Products Dog Food Dog Treats Sales 12,000.00 10,000.00 22,000.00 Sales 11,000.00 10,000.00 21,000.00 10,000.00 9,000.00 19,000.00 2021 Cost of Sales 10,000.00 8,000.00 18,000.00 Gross Profit 2,000.00 1,000.00 3,000.00 Gross Profit 1,000.00 2,000.00 3,000.00 Units sold 500.00 250.00 750.00 Units 250.00 250.00 500.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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