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Presented below are excerpts from the income statements of Ralos Company for the years ended December 31, 2021 and 2020.       2021     2020 Inc (Dec) Net sales P2,750,000 P2,500,000  P250,000 Cost of goods sold   1,584,000   1,600,000 (   16,000) Gross margin P1,166,000 P   900,000 P234,000   The unit cost decreased by 10% on January 1, 2021.   What is increase (decrease) in cost of goods sold due to volume?

Presented below are excerpts from the income statements of Ralos Company for the years ended December 31, 2021 and 2020.       2021     2020 Inc (Dec) Net sales P2,750,000 P2,500,000  P250,000 Cost of goods sold   1,584,000   1,600,000 (   16,000) Gross margin P1,166,000 P   900,000 P234,000   The unit cost decreased by 10% on January 1, 2021.   What is increase (decrease) in cost of goods sold due to volume?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
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Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Presented below are excerpts from the income statements of Ralos Company for the years ended December 31, 2021 and 2020.

 

    2021

    2020

Inc (Dec)

Net sales

P2,750,000

P2,500,000

 P250,000

Cost of goods sold

  1,584,000

  1,600,000

(   16,000)

Gross margin

P1,166,000

P   900,000

P234,000

 

The unit cost decreased by 10% on January 1, 2021.

 

What is increase (decrease) in cost of goods sold due to volume?

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