The president of National Co., after being informed that the 2021 selling price was 6% lower than 2020, would like to know other factors that changes the gross margin as shown below. 2021 2020 P420,000.00 P243.600.00 Net Sales Cost of Sales P426,384.00 P276.242.40 D47C 100 D450 444C

The president of National Co., after being informed that the 2021 selling price was 6% lower than 2020, would like to know other factors that changes the gross margin as shown below. 2021 2020 P420,000.00 P243.600.00 Net Sales Cost of Sales P426,384.00 P276.242.40 D47C 100 D450 444C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

An increase (decrease) in cost of sales due to volume of

The preside nt of Natio nal Co., after being informed that the 2021 selling price was 6% lower than
2020, would like to know other factors that changes the gross margin as shown below.
2021
2020
Net Sales
Cost of Sales
Gross Margin
P420,000.00
P243,600.00
P176.400.00
P426,384.00
P276,242.40
P150.141.60

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