An increase (decrease) in cost of sales due to volume of *
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:An increase (decrease) in cost of sales due to volume of *
Sample format: 111,111 or (111,111)
The president 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.
2020
P420,000.00
P243.600.00
P176,400.00
2021
Net Sales
Cost of Sales
Gross Margin
P426,384.00
P276.242.40
P150.141.60
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