The president of National Co., after being informed that the 2021 selling price was 6% lower than 2020, would like to know other factors th at changes the gross margin as shown below. 2021 P426,384.00 P276.242.40 P150.141.60 2020 Net Sales Cost of Sales Gross Margin P420,000.00 P243,600.00 P176.400.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

An increase (decrease) in cost of sales due to volume of

The president of National Co., after being informed that the 2021 selling price was 6% lower than
2020, would like to knowother factors that changes the gross margin as shown below.
2021
2020
P420,000.00
P243,600.00
P176.400.00
P426,384.00
P276,242.40
P150,141.60
Net Sales
Cost of Sales
Gross Margin
Transcribed Image Text:The president of National Co., after being informed that the 2021 selling price was 6% lower than 2020, would like to knowother factors that changes the gross margin as shown below. 2021 2020 P420,000.00 P243,600.00 P176.400.00 P426,384.00 P276,242.40 P150,141.60 Net Sales Cost of Sales Gross Margin
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Product life cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education