Vargross Company presented the following data for analysis affecting its gross profit. The company is selling two products, Avon and Bona 2021 2020 Net Sales Cost of Sales 228,000 128,400 175,000 105,000 Gross Margin 99,600 70,000 Additional data: 2021 2020 Items Avon Bona Avon Bona Units sold 12,000 16,000 10,000 15,000 Unit selling price 11.00 6.00 10.00 5.00 Unit costs 6.30 3.30 6.00 3.00 Unit GP 4.70 2.70 4.00 2.00
Vargross Company presented the following data for analysis affecting its gross profit. The company is selling two products, Avon and Bona 2021 2020 Net Sales Cost of Sales 228,000 128,400 175,000 105,000 Gross Margin 99,600 70,000 Additional data: 2021 2020 Items Avon Bona Avon Bona Units sold 12,000 16,000 10,000 15,000 Unit selling price 11.00 6.00 10.00 5.00 Unit costs 6.30 3.30 6.00 3.00 Unit GP 4.70 2.70 4.00 2.00
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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Question
Compute the following:
- Total gross profit variance
- Sales mix variance
- Final sales volume variance
Format: 11,111 F or 11,111 U
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