5. Compute the quantity variance based on thedata on the image. *2019P 520 P 5002018Sale PriceCost per Unit360330Units Sold13,000 13,5006. Assuming that the sales price increased by 5%, what isthe cost price variance? *2020P 6,235,500 P 6,000,0005,000,0002021SalesCost of Sales 5,049,0007. How much is the sales price-volume variance? *Gross Profit Last YearGross Profit This YearP 861,250900,000Change in units sold last yearUnits Sold65050Change in sales priceChange in cost priceP 10075Excerpt from the four-way analysis:Sales Quantity Variance - Unfavorable P 245,000Cost Price Variance - FavorableCost Quantity Variance - Favorable45,000178,750

Quantity variance refers to the favourable or either unfavourable difference between the actual…

Answered: 5. Compute the quantity variance based…

5. Compute the quantity variance based on the data on the image. * 2018 2019 Sale Price Cost per Unit P 520 P 500 360 330 Units Sold 13,000 13,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5. Compute the quantity variance based on the
data on the image. *
2019
P 520 P 500
2018
Sale Price
Cost per Unit
360
330
Units Sold
13,000 13,500
6. Assuming that the sales price increased by 5%, what is
the cost price variance? *
2020
P 6,235,500 P 6,000,000
5,000,000
2021
Sales
Cost of Sales 5,049,000
7. How much is the sales price-
volume variance? *
Gross Profit Last Year
Gross Profit This Year
P 861,250
900,000
Change in units sold last year
Units Sold
650
50
Change in sales price
Change in cost price
P 100
75
Excerpt from the four-way analysis:
Sales Quantity Variance - Unfavorable P 245,000
Cost Price Variance - Favorable
Cost Quantity Variance - Favorable
45,000
178,750

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