Answered: Analyze the variation in gross profit…

Analyze the variation in gross profit based on the following gross profit statements of Patty Corp. 196 19A Sales: 6 000 units at P5 P 30 000 8 000 units at P4 P 32 000 Cost of sales:

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

6. Analyze the variation in gross profit based on the following gross profit
statements of Patty Corp.
196
19A
Sales:
6 000 units at P5
P 30 000
8 000 units at P4
P 32 000
Cost of sales:
6 000 units at P2.50
P 15 000
8 000 units at P1.80
14 400
Gross Profit
P 15 000
P 17 600

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