Multiple choice pls answer numbers 4 to 8 266Chapter 7Use the following information for questions 4 through &.Data for X Company follow:Product AProduct B200520062005200610,000P1020,000P15P 7.50 P1310,000P1515,000P10Units soldUnit selling priceUnit costP 5P 8The increase (decrease) in gross profit in 2006 isP70,000.b.4.a.P180,000.P(110,000).C.d.P110,000.The sales price factor isP25,000 favorable.5.a.b.P25,000 unfavorable.P200,000 favorable.P200,000 unfavorable.с.d.The cost factor isP25,000 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 overallquantity sold isP(52,500).b. P52,500P90,000d.7.a.C.P40,000The sales mix factor isP35,000 unfavorable.b. P 7,500 favorable.P 7,500 unfavorable.d. P35,000 favorable.8.a.с.

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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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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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.

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