206 K/s [ 354 3:48 BAFINMAX Learning Activity 5 - finals 3TAY2... Problem 2 The following income statement data presented by VGP Company for the years ended December 31, 2020 and 2021: 2020 2021 Net Sales Cost of Sales Gross Margin 600,000 360,000 240,000 699,600 380,160 319,440 Additional data: During 2021, the following transpired that affected net sales, cost of sales, which contributed in the changes in gross margin: a. Units sold in 2021 was 10% higher than 2020 b. Units selling price in 2021 was 6% higher than 2020 c. Unit cost in 2021 was 4% lower than 2020 11 Sales price variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 12 Sales volume variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 13 Sales variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 14 Cost price variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 15 01 35 + 3:48 BAFINMAX Learning Activity 5 - finals 3TAY2... 15 Cost volume variance * (1 Point) Format: 11,111 For 11.111 U Enter your answer 16 Total gross profit variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 17 Price variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 01 35 + 3:48 BAFINMAX Learning Activity 5 - finals 3TAY2... 18 Price Quantity variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 19 Cost variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 20 Cost-Quantity variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 206 K/s [ 354 3:48 BAFINMAX Learning Activity 5 - finals 3TAY2... Problem 2 The following income statement data presented by VGP Company for the years ended December 31, 2020 and 2021: 2020 2021 Net Sales Cost of Sales Gross Margin 600,000 360,000 240,000 699,600 380,160 319,440 Additional data: During 2021, the following transpired that affected net sales, cost of sales, which contributed in the changes in gross margin: a. Units sold in 2021 was 10% higher than 2020 b. Units selling price in 2021 was 6% higher than 2020 c. Unit cost in 2021 was 4% lower than 2020 11 Sales price variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 12 Sales volume variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 13 Sales variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 14 Cost price variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 15 01 35 + 3:48 BAFINMAX Learning Activity 5 - finals 3TAY2... 15 Cost volume variance * (1 Point) Format: 11,111 For 11.111 U Enter your answer 16 Total gross profit variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 17 Price variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 01 35 + 3:48 BAFINMAX Learning Activity 5 - finals 3TAY2... 18 Price Quantity variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 19 Cost variance * (1 Point) Format: 11,111 For 11,111 U Enter your answer 20 Cost-Quantity variance * (1 Point) Format: 11,111 For 11,111 U Enter your