The net change in gross profit in 2022 due to quantity factor is: Sales Cost of sales Gross margin Unit selling price decreased by 20% in 2022. 2022 416,000 351,000 65,000 2021 400,000 300,000 100,000

The net change in gross profit in 2022 due to quantity factor is: Sales Cost of sales Gross margin Unit selling price decreased by 20% in 2022. 2022 416,000 351,000 65,000 2021 400,000 300,000 100,000

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

The net change in gross profit in 2022 due to quantity factor is:
Sales
Cost of sales
Gross margin
Unit selling price decreased by 20% in 2022.
2022
2021
416,000
400,000
351,000 300,000
65,000 100,000

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