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How much is the favorable sales price variance for the year

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Reference no: EM132802129

Question - The contribution margin of CPA Corporation for 2019 and 2020 are given below:

 

2019

2020

Sales

P8,000,000

P12,000,000

Less: Variable costs

6,000,000

8,000,000

Contribution margin

P2,000,000

P4,000,000

The number of units sold increased by 5%.

Required -

1. How much is the favorable sales price variance for the year 2020?

2. What is the favorable sales price variance ratio for the year 2020?

3. How much is the favorable sales quantity variance for the year 2020?

4. How much is the unfavorable variable cost price variance for 2020?

5. How much is the unfavorable cost quantity variance for the year 2020?

Reference no: EM132802129

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