Factor Corporation provided the following partial income statements and detailed information for the past two years: 2021 2020 Changes Sales P900,000 P480,000 P420,000 Cost of sales 396,000 240,000...

Extracted text: Factor Corporation provided the following partial income statements and detailed information for the past two years: 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 P165 P150 Quantity sold 2,400 1,600 How much is the price variance? O P180,000 favorable O None of the other choices O P144,000 unfavorable O P144,000 favorable O P180,000 unfavorable


Extracted text: Refer to the case of Factor Corporation. How much is the volume variance? P120,000 favorable O P240,000 unfavorable O P240,000 favorable O None of the other choices O P84,000 favorable