What is the total gross profit variance? A. 2,000 favorable B. 2,000 unfavorable C. 1,000 unfavorable D. 2,500 favorable

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 4MC: This variance is the difference involving spending more or using more than the standard amount. A....
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What is the total gross profit variance?

A. 2,000 favorable
B. 2,000 unfavorable
C. 1,000 unfavorable
D. 2,500 favorable
Bulldogs Inc. had determined the following variances:
Type of Variance
Sales Price Variance
Cost Volume Variance, 4-way
Cost Price Variance, 3-way
Amount
Analysis
4,000
Favorable
3,500
Unfavorable
2,500
Unfavorable
Volume Variance
1,000
Favorable
Transcribed Image Text:Bulldogs Inc. had determined the following variances: Type of Variance Sales Price Variance Cost Volume Variance, 4-way Cost Price Variance, 3-way Amount Analysis 4,000 Favorable 3,500 Unfavorable 2,500 Unfavorable Volume Variance 1,000 Favorable
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