Baryans Corporation provided the following partial income statements and detailed information for the past two years:                                                2021                             2020                             Changes Sales                                  P360,000                      P192,000                P168,000 Cost of sales                       158,400                        96,000                    62,400 Gross income                      201,600                        96,000                    105,600   Unit selling price                 P150                             P120 Unit cost                             P66                               P60 Quantity sold                      2,400                            1,600   How much is the cost volume variance? A. None of the other choices B. P48,000 unfavorable C. P96,000 favorable D. P96,000 unfavorable E. P48,000 favorable

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Baryans Corporation provided the following partial income statements and detailed information for the past two years:

 

                                             2021                             2020                             Changes

Sales                                  P360,000                      P192,000                P168,000

Cost of sales                       158,400                        96,000                    62,400

Gross income                      201,600                        96,000                    105,600

 

Unit selling price                 P150                             P120

Unit cost                             P66                               P60

Quantity sold                      2,400                            1,600

 

How much is the cost volume variance?

A. None of the other choices
B. P48,000 unfavorable
C. P96,000 favorable
D. P96,000 unfavorable
E. P48,000 favorable
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