How much is the sales volume variance

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Question - Baryans Corporation provided the following partial income statements and detailed information for the past two years:

 

2021

2020

Changes

Sales

P360,000

P192,000

P168,000

Cost of sales

158,400

96,000

62,400

Gross income

201,600

96,000

105,600

Unit selling price

P150

P120

 

Unit cost

P66

P60

 

Quantity sold

2,400

1,600

 

Required -

1. Refer to the case of Baryans Corporation. How much is the sales volume variance?

2. Refer to the case of Baryans Corporation. How much is the cost price variance?

Reference no: EM133079965

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