1 The Phoveus Company's partial income statement indicate the following data: Net sales Cost of goods sold Gross profit No. of units sold 2020 Php1,782,000 1,377,000 Php405,000 81,000 2019 Php1,680,000 1,890,000 (Php210,000) 105,000 Increase (Decrease) Php102,000 (513,000) Php615,000 Required: Prepared an analysis of gross profit variation for Phoveus Company for 2020 using: Three-Factor Approach Five-Factor Approach

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 87PSB
icon
Related questions
icon
Concept explainers
Question

What is the answer to the question I uploaded 

1 The Phoveus Company's partial income statement indicate the following data:
Increase
|Net sales
Cost of goods sold
Gross profit
| No. of units sold
2020
Php1,782,000
1,377,000
Php405,000
81,000
2019
Php1,680,000
1,890,000
(Php210,000)
105,000
(Decrease)
Php102,000
(513,000)
Php615,000
Required: Prepared an analysis of gross profit variation for Phoveus Company for 2020 using:
Three-Factor Approach
Five-Factor Approach
Transcribed Image Text:1 The Phoveus Company's partial income statement indicate the following data: Increase |Net sales Cost of goods sold Gross profit | No. of units sold 2020 Php1,782,000 1,377,000 Php405,000 81,000 2019 Php1,680,000 1,890,000 (Php210,000) 105,000 (Decrease) Php102,000 (513,000) Php615,000 Required: Prepared an analysis of gross profit variation for Phoveus Company for 2020 using: Three-Factor Approach Five-Factor Approach
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 6 steps

Blurred answer
Knowledge Booster
Completing the Accounting 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
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning