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Data for X Company follow: Product A 2005 Product B 2006 2005 2006 10,000 P10 P 5 20,000 P15 P 7.50 10,000 P15 15,000 P10 Units sold Unit selling price Unit cost P13 P 8 The increase (decrease) in gross profit in 2006 is P70,000. b. P180,000. P(110,000). d. 4. a. C. P110,000.

Data for X Company follow: Product A 2005 Product B 2006 2005 2006 10,000 P10 P 5 20,000 P15 P 7.50 10,000 P15 15,000 P10 Units sold Unit selling price Unit cost P13 P 8 The increase (decrease) in gross profit in 2006 is P70,000. b. P180,000. P(110,000). d. 4. a. C. P110,000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Multiple choice pls answer numbers 4 to 8

266 Chapter 7 Use the following information for questions 4 through &. Data for X Company follow: Product A Product B 2005 2006 2005 2006 10,000 P10 20,000 P15 P 7.50 P13 10,000 P15 15,000 P10 Units sold Unit selling price Unit cost P 5 P 8 The increase (decrease) in gross profit in 2006 is P70,000. b. 4. a. P180,000. P(110,000). C. d. P110,000. The sales price factor is P25,000 favorable. 5. a. b. P25,000 unfavorable. P200,000 favorable. P200,000 unfavorable. с. d. The cost factor is P25,000 unfavorable. b. 6. a. P25,000 favorable. P90,000 unfavorable. d. P90,000 favorable. C. The increase (decrease) in gross profit due to change in overall quantity sold is P(52,500). b. P52,500 P90,000 d. 7. a. C. P40,000 The sales mix factor is P35,000 unfavorable. b. P 7,500 favorable. P 7,500 unfavorable. d. P35,000 favorable. 8. a. с.
Transcribed Image Text:266 Chapter 7 Use the following information for questions 4 through &. Data for X Company follow: Product A Product B 2005 2006 2005 2006 10,000 P10 20,000 P15 P 7.50 P13 10,000 P15 15,000 P10 Units sold Unit selling price Unit cost P 5 P 8 The increase (decrease) in gross profit in 2006 is P70,000. b. 4. a. P180,000. P(110,000). C. d. P110,000. The sales price factor is P25,000 favorable. 5. a. b. P25,000 unfavorable. P200,000 favorable. P200,000 unfavorable. с. d. The cost factor is P25,000 unfavorable. b. 6. a. P25,000 favorable. P90,000 unfavorable. d. P90,000 favorable. C. The increase (decrease) in gross profit due to change in overall quantity sold is P(52,500). b. P52,500 P90,000 d. 7. a. C. P40,000 The sales mix factor is P35,000 unfavorable. b. P 7,500 favorable. P 7,500 unfavorable. d. P35,000 favorable. 8. a. с.
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The increase (decrease) in gross profit due to change in overall quantity sold is:

266 Chapter 7 Use the following information for questions 4 through &. Data for X Company follow: Product A Product B 2005 2006 2005 2006 10,000 P10 20,000 P15 P 7.50 P13 10,000 P15 15,000 P10 Units sold Unit selling price Unit cost P 5 P 8 The increase (decrease) in gross profit in 2006 is P70,000. b. 4. a. P180,000. P(110,000). C. d. P110,000. The sales price factor is P25,000 favorable. 5. a. b. P25,000 unfavorable. P200,000 favorable. P200,000 unfavorable. с. d. The cost factor is P25,000 unfavorable. b. 6. a. P25,000 favorable. P90,000 unfavorable. d. P90,000 favorable. C. The increase (decrease) in gross profit due to change in overall quantity sold is P(52,500). b. P52,500 P90,000 d. 7. a. C. P40,000 The sales mix factor is P35,000 unfavorable. b. P 7,500 favorable. P 7,500 unfavorable. d. P35,000 favorable. 8. a. с.
Transcribed Image Text:266 Chapter 7 Use the following information for questions 4 through &. Data for X Company follow: Product A Product B 2005 2006 2005 2006 10,000 P10 20,000 P15 P 7.50 P13 10,000 P15 15,000 P10 Units sold Unit selling price Unit cost P 5 P 8 The increase (decrease) in gross profit in 2006 is P70,000. b. 4. a. P180,000. P(110,000). C. d. P110,000. The sales price factor is P25,000 favorable. 5. a. b. P25,000 unfavorable. P200,000 favorable. P200,000 unfavorable. с. d. The cost factor is P25,000 unfavorable. b. 6. a. P25,000 favorable. P90,000 unfavorable. d. P90,000 favorable. C. The increase (decrease) in gross profit due to change in overall quantity sold is P(52,500). b. P52,500 P90,000 d. 7. a. C. P40,000 The sales mix factor is P35,000 unfavorable. b. P 7,500 favorable. P 7,500 unfavorable. d. P35,000 favorable. 8. a. с.
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