Read the following scenario and answer the question#13 and 14.The president of the Lamda wholesale company, which markets a single product, requests anexpectation for the gross profit decline for 19B. The following information is available:19A19BUnits P.U ValueTotalUnits P.U ValueTotalSales25,000 $3.00$75,00024,000 $2.75$6,000Cost of sales25,000 $2.3824,000 $2.4059.500$15,50057,600$8,400Question No. 13: Calculate cost variancesQuestion No. 14: Calculate volume variances

The variance is calculated by taking the difference between two costs or volumes.

The president of the Lamda wholesale company, which markets a single product, requests an expectation for the gross profit decline for 19B. The following information is available: 19A Units P.U Value 19B Total Units P.U Value Total Sales 25,000 $3.00 $75,000 24,000 $2.75 $66,000 Cost of sales 25,000 $2.38 24,000 $2.40 59,500 $15,500 57.600 $8,400 Question No. 13: Calculate cost variances Question No. 14: Calculate volume variances

The president of the Lamda wholesale company, which markets a single product, requests an expectation for the gross profit decline for 19B. The following information is available: 19A Units P.U Value 19B Total Units P.U Value Total Sales 25,000 $3.00 $75,000 24,000 $2.75 $66,000 Cost of sales 25,000 $2.38 24,000 $2.40 59,500 $15,500 57.600 $8,400 Question No. 13: Calculate cost variances Question No. 14: Calculate volume variances

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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