NOTE: I mislabeled the numbers for the units. The correct ones are: Units sold last year at 650 and Change in units sold from last year at 50.

Notes on answering: 1. When computing, do not use rounded off numbers. E.g., use 3/7 or 0.4285714286 instead of 0.43. 2. Answers in the handwritten solutions must have proper units of measure. Place a peso sign for money amount, % for percentage, times for the turnover. Drop the units of measure for answers in the google form. 3. Final answers which are ratios must be in percent and then round off to two decimal places. E.g., 66.67% for the solution and 66.67 for the google form > not 0.67 and not 67% 4. For the other final answers, if they are not whole numbers, round off to two decimal places. 3. In the handwritten solutions, clearly state whether computed variances are favorable or not. In the google form, type the number as-is if favorable. If unfavorable, place a dash (-) sign before the number. 7. How much is the sales price- 1 point volume variance? * Gross Profit Last Year Gross Profit This Year P 861,250 900,000 650 Change in units sold last year Units Sold 50 Change in sales price Change in cost price P 100 75 Excerpt from the four-way analysis: Sales Quantity Variance - Unfavorable P 245,000 Cost Price Variance - Favorable 45,000 Cost Quantity Variance - Favorable 178,750 Notes on answering: 1. When computing, do not use rounded off numbers. E.g., use 3/7 or 0.4285714286 instead of 0.43. 2. Answers in the handwritten solutions must have proper units of measure. Place a peso sign for money amount, % for percentage, times for the turnover. Drop the units of measure for answers in the google form. 3. Final answers which are ratios must be in percent and then round off to two decimal places. E.g., 66.67% for the solution and 66.67 for the google form > not 0.67 and not 67% 4. For the other final answers, if they are not whole numbers, round off to two decimal places. 3. In the handwritten solutions, clearly state whether computed variances are favorable or not. In the google form, type the number as-is if favorable. If unfavorable, place a dash (-) sign before the number. 7. How much is the sales price- 1 point volume variance? * Gross Profit Last Year Gross Profit This Year P 861,250 900,000 650 Change in units sold last year Units Sold 50 Change in sales price Change in cost price P 100 75 Excerpt from the four-way analysis: Sales Quantity Variance - Unfavorable P 245,000 Cost Price Variance - Favorable 45,000 Cost Quantity Variance - Favorable 178,750