NOTES: https://drive.google.com/file/d/1ua7DHXTcf0NGVCTThImvaBjwt634RIXi/view?usp=sharing

TAKE NOTE: Solve the following problems in good accounting form. Double rule and encircle the final answers. Please present the answer as presented in this example: P150,000 F or P150,000 UF Show solutions please.

Multiple Choice Theones Although there are many reasons to this concern, one of the general reasons in gross profit variance analysis why an unfavorable sales volume variance occur is that * A. the company's product is not properly marketed. B. the finished product is over priced, C. the raw materials used are overpriced D. the accounts are taking too long to collect. E. the figures are not properly accounted for. The gross profit percentage is equal to * A. Net operating income/Sales B. Cost of goods sold Sales C. (Net operating income + Operating expenses)/Sales D. Cost of goods sold Net income E. (Net operating income - Operating expenses)/Sales In gross profit analysis, a favorable cost of sales variance that includes an unfavorable cost volume variance will mean: * A. The production department was able to control costs within the budget but the purchasing department went over the budget. B. The purchasing department was able to control costs within the budget but the production department over the budget. C. The production and purchasing department were able to control costs within the budget. D. The production and purchasing departments went over the budget. A cost variance of zero indicates that the manufacturing management was * A. able to control production cost below budgeted costs. B. unable to keep production costs at budgeted costs even if the purchasing department was able to keep the budgeted price. C. able to control production costs at budgeted costs. D. unable to keep production costs at budgeted costs. Variance that arises solely because the actual units sold differs from the budgeted units to be sold. * A. Sale price variance B. Sales volume variance C. Sales mix variance D. None of the aboveIf the sales this year amounted to P500,000, sales this year at last year's prices is P460,000, the cost of sales this year is P300,000, and the cost of sales this year at last year's price is P260,000. How much is the gross profit variation due to sales price factor? * Your answer The Success Corporation has a normal capacity of 2,000,000 units. The current year's budget was based on the production and sales of 1,400,000 units. Actual statistics came out to be: production of 1,440,000 units and sales of 1,200,000 units. Selling price is at P20 per unit and the contribution margin ratio is 30%. What is the peso value that best quantifies the marketing division's failure to achieve budgeted performance for the current year? * Your answer If the sales this year amounted to P276,000, sales this year at last year's prices is P230,000, the cost of sales this year is P190,000, and the cost of sales this year at last year's price is P180,000. How much is the gross profit variation due to sales quantity factor? * Your answerMultiple Choice Problems Solve the following problems. Choose the best answer. The change in gross profit due to change in cost price must be * P95,232 F P113,495 UF P161,898 UF P161,898 F P113,495 F The sales volume variance must be * P259,200 UF P269,200 F P216,000 F P161,200U F The increase (decrease) in quantity sold must be * 13.33% 12.00% 13.64% (7-95%) The change in gross profit due to change in quantity sold must be * P151,898 UF P269,200 F P107,304 UF P107,304 F Use this problem to answer the following requirements: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be * P216,000 P194,400 P172,800 P189,600