Gross Profit Variation Analysis and Earnings Per Share Determinalion265II. Multiple ChoiceLaline1.The following gross margin data were taken from the incomestatements of a retailing firm X & Y, Inc. for two periods.Pertod APeriod BSales revenue..P150.000.Cost of sales.Gross margin..100,000P. 50,000P141,75091.000P 50,750If sales volume declined by 10% on Period B. the percentage ofchange in selling price is:10% increase.5% increase..a.b.5.5% increasc.d. 5% decrease.с.Items 2 and 3 are based on the following data:2005P200,000$0,000P 30,0002006Sales.Cost of sales.Gross profit.P208,000-175,500P 32,500Unit selling price decreased by 20% in 2006.The net change in gross profit in 2006 duc to quantity factor is.P60,000 incrcase.b. P15,000 increase.P40,000 decrease.d.2.a.с.P 8,000 increase.The change in gross profit due to the decrease in sclling price is:P 8,000 increase.b. P60,000 decrease.PS2,000 decrease.d. P52,000 increase.3.a.C.

1. The following gross margin data were taken from the income statements of a retailing firm X & Y, Inc. for two periods. Period A Period B Sales revenue.. P141,750 91.000 P 50,750 P150.000 29 Cost of sales.. Gross margin.... 100,000 P 50,000 If sales volume declined by 10% on Period B. the percentage of change in selling price is: 10% increase. b. 5% increase.. c. 5.5% incrcase. d. 5% decreasc. a.

1. The following gross margin data were taken from the income statements of a retailing firm X & Y, Inc. for two periods. Period A Period B Sales revenue.. P141,750 91.000 P 50,750 P150.000 29 Cost of sales.. Gross margin.... 100,000 P 50,000 If sales volume declined by 10% on Period B. the percentage of change in selling price is: 10% increase. b. 5% increase.. c. 5.5% incrcase. d. 5% decreasc. a.

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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