A company provided the following partial income statements and detailed information for the past two years YEAR 2021 2020 Changes Sales P900,000 P480,000 P420,000 Cost of Sales 396,000 240,000 156,000 Gross Income 504,000 240,000 264,000 Unit Selling Price P375 P300 Unit cost 165 150 Quantity sold 2,400 1,600 How much is the price variance?a. 180,000 Favorableb. 180,000 Unfavorablec. 144,000 Favorable

A company provided the following partial income statements and detailed information for the past two years YEAR 2021 2020 Changes Sales P900,000 P480,000 P420,000 Cost of Sales 396,000 240,000 156,000...

A company provided the following partial income statements and detailed information for the past two years

YEAR	2021	2020	Changes
Sales	P900,000	P480,000	P420,000
Cost of Sales	396,000	240,000	156,000
Gross Income	504,000	240,000	264,000

Unit Selling Price	P375	P300
Unit cost	165	150
Quantity sold	2,400	1,600

How much is the price variance?

a. 180,000 Favorable

b. 180,000 Unfavorable

c. 144,000 Favorable

Jun 02, 2022

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