The management requested you to determine the cause of the decline in gross profit on sales in spite of the favorable information given by the Sales division that the quantity sold in 2022 was 25% higher than in 2021 and that the production costs in 2022 were lower than that of the 2021 by 6%. The increase (decrease) in net sales due to price factor or the Sales Price Variance is * O For the year ended December 31, 2021 and 2022 the following data were presented to the management of Bulldogs Inc.: Net Sales Cost of Sales Gross Margin 2022 P1,363,000 1,250,000 P911,800 P451,200 |2021 776,000 474,000

The management requested you to determine the cause of the decline in gross profit on sales in spite of the favorable information given by the Sales division that the quantity sold in 2022 was 25% higher than in 2021 and that the production costs in 2022 were lower than that of the 2021 by 6%. The increase (decrease) in net sales due to price factor or the Sales Price Variance is * O For the year ended December 31, 2021 and 2022 the following data were presented to the management of Bulldogs Inc.: Net Sales Cost of Sales Gross Margin 2022 P1,363,000 1,250,000 P911,800 P451,200 |2021 776,000 474,000

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter10: Forecasting Financial Statement

Section: Chapter Questions

Problem 5QE: Use the following hypothetical data for Walgreens in Years 11 and 12 to project revenues, cost of...

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