What is the percentage change in volume? * A Sample format: 11% or (11%) National Co. produces and sells cellular phone blaster, a gadget which explodes when activated with a remote commander. This is used by cell phone owners when their unit is snatched from them or is taken by thieves. The static master budget and the adual results of operations for the month of June are as follows: Budget 8,000 units P 800,000 480,000 P320.000 Adual Sales Cost of goods sold Gross profit 9,600 units P1,056,000 556.800 P499.200 Management wants an expla ntation ofthe favorable gross profit variance ofP 179,200 (adual gross profit of P499,200 less budgeted gross profit of P320,000).

What is the percentage change in volume? * A Sample format: 11% or (11%) National Co. produces and sells cellular phone blaster, a gadget which explodes when activated with a remote commander. This is used by cell phone owners when their unit is snatched from them or is taken by thieves. The static master budget and the adual results of operations for the month of June are as follows: Budget 8,000 units P 800,000 480,000 P320.000 Adual Sales Cost of goods sold Gross profit 9,600 units P1,056,000 556.800 P499.200 Management wants an expla ntation ofthe favorable gross profit variance ofP 179,200 (adual gross profit of P499,200 less budgeted gross profit of P320,000).

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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