The president of National Co., after being informed that the 2021 selling price was 6% lower than 2020, would like to know other factors that changes the gross margin as shown below. 2021 2020 INet Sales Cost of Sales Gross Margin P420,000.00 P243,600.00 P176.400.00 P426,384.00 P276,242.40 P150.141.60
Q: Profit and loss data for Lota & Romy, Inc. for 2019 and 2019 2020 Sales P2,688,000 Р3,45 Cost of…
A: Solution: A) Sold in 2020 = 2,688,000 + 2,688,000 x 25% = 2,688,000 + 672,000…
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A: Change in gross profits = Gross profits in 2019 - Gross profits in 2018=P 330,000 -P328,000=P…
Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…
A: Cost of goods sold if unit cost not decreased = Cost of goods sold / (1 - decrease %) = 1,584,000…
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A: Break even point is the number of units sold leads to no profit no loss to the business.
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A: Companies try to increase the sales by decrease in prices of goods.
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Q: The change in gross profit due to change in cost price must be:
A:
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A: When the cost of goods sold is subtracted from the sales, then we get gross profit. This profit is…
Q: re excerpts from the income statements of Ralos Company for the years ended December 31, 2021 and…
A: GIVEN ÷ COGS of 2020 = 1600000 COGS of 2021 = 1584000 Unit cost decreased by 10% Requirement ÷…
Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…
A: Cost of goods sold refers to the expenses incurred by the company in order to sell the goods and…
Q: In 2019, Bonita sold 1000 units at $500 each, and earned net income of $40000. Variable expenses…
A: No. of units sell to maintain the same income level = (Fixed expenses + Desired net income)/…
Q: The change in gross profit due to change in cost price must be
A: 2018 2019 Sales 792,000 810,000 Cost of sales 464,000 480,000 Gross Profit 328,000…
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A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…
Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…
A: The gross profit is the excess of revenue over the cost of goods sold for a period. Cost of goods…
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A: 1. Tota Gross Profit Variance = Actual gross profit - Budgeted gross profit Actual gross profit…
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Q: The change in gross profit due to change in cost price must be
A:
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A: Sales in 2019 = P810,000 Sales in 2018 = P792,000 Let us assume that 1,000 units were sold in 2019.…
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A: Cost Volume variance = (Quantity sold in 2021 - Quantity sold in 2020) x Unit Cost Price in 2020
Q: The change in gross profit due to change in quantity sold must be: a. P42,710 U
A: Budgeted gross profit ratio Sales 792,000 Less: cost of sale 464,000 Gross…
Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…
A: Cost of goods sold if unit cost not decreased = Cost of goods sold / (1 - decrease %) = 1,584,000…
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A: The answer for the multiple choice question and relevant working are presented hereunder : Unit…
Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…
A: SOLUTION FORMULAS 1- SALES PRICE VARIANCE = (CURRENT YEAR SELLING PRICE - LAST YEAR SELLING…
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Q: In 2020, National Co. sold 3,000 units at P500 each. Variable expenses were P350 per unit, and fixed…
A: Break even point = Fixed Cost/ Contribution per unit Contribution = Sales - Variable Cost
Q: In 2019, Crane Company sold 3000 units at $250 each. Variable expenses were $140 per unit, and fixed…
A: Decrease selling price=Selling price in 2019×100-4%=$250×96%=$240
Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…
A: Given ÷ Cost of goods sold of 2020 = 1600000 Cost of goods sold of 2021 = 1584000 Unit cost…
Q: The portion of the functional income statements of Brief Company for 2021 and 2020 are presented…
A: Cost of goods sold if unit cost not increased for 2021 = Cost of goods sold / (1 + increased%) =…
Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…
A: Selling price is the price at which company is selling its products or the services to the customers…
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A: Break even point (Sales) = Fixed Cost/ PV ratio PV Ratio = Contribution/ Sales Contribution = Sales…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Solution Margin of safety is the difference between the break even point and actual sale .
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A: Gross profit is the trading profit earned by the organization. It is calculated = Closing Inventory…
Q: Assuming that the amount of fixed costs is expected to remain at P190,000 for 2021. and the sales…
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Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…
A: Cost of goods sold if unit cost not decreased = Cost of goods sold / (1 - decrease %) = 1,584,000…
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A: >The relationship between Cost, Volume and profit is necessary as it tells how each of them are…
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A: Gross Profit Ratio= Gross Profit / Net Sales Gross Profit Margin=Gross Profit/Net sales*100…
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A: Definition: Retained Earnings: Earning which are from the profits of the company from the business…
Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…
A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…
Q: Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the…
A: Contribution Margin per unit = Selling Price - Variable expenses per unit= $155 - $90 = $65 per unit
Q: Baryans Corporation provided the following partial income statements and detailed information for…
A: The Variance is the difference between the what we plan and what actually occurs. Variance is…
Q: In 2019, Papa Company provided the following data: Sales price per unit P100; Variable cost per unit…
A: Contribution margin per unit = selling price - Variable cost per unit = 100-60 = P40 per unit
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A: Quantity to be sold to achieve the targeted profit= Required profit+ Fixed costContribution per unit…
An increase (decrease) in net sales due to sales price of
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- When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)Use this problem to answer the following requirements: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must beChungkuyla Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be P216,000 P194,400 P172,800 P189,600
- Mabuhay Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be * P216,000 P194,400 P172,800 P189,600Mabuhay Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The change in gross profit due to change in cost price must be?Mabuhay Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The change in gross profit due to change in quantity sold must be * P151,896 UF P259,200 F P107,304 UF P107,304 F
- Baryans Corporation provided the following partial income statements and detailed information for the past two years: 2021 2020 Changes Sales P360,000 P192,000 P168,000 Cost of sales 158,400 96,000 62,400 Gross income 201,600 96,000 105,600 Unit selling price P150 P120 Unit cost P66 P60 Quantity sold 2,400 1,600 How much is the sales price variance? Refer to the case of Baryans Corporation. How much is the sales volume variance? Refer to the case of Baryans Corporation. How much is the cost price variance?A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be * The sales volume variance must be * P259,200 UF P259,200 F P216,000 F P151,200U FMabuhay Corporationgenerated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to a decrease in selling price must be: The sales volume variance must be: The change in gross profit due to change in quantity sold must be: The change in gross profit due to change in cost price must be: The increase (decrease) in quantity sold must be:
- Sohar Company’s financial information is given in the table below. Year Sales (OMR) Fixed Costs Variable Costs 2019 405000 90000 225000 2020 450000 120000 240000 Calculate: P/V ratio, E.P. Sales required to earn a profit of OMR 40000. Margin of safety at a profit of OMR 50000 Profit when sales are OMR. 200000.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 choices: P113,000 P199,500 (P199,500) (P113,000)If the sales this year amounted to P276,000, sales this year at last year’s price is P230,000, the cost of sales this year is P190,000, and the cost of sales this year at last year’s price is P180,000. How much is the gross profit variation due to sales quantity factor? a. P0 b. P40,000 U c. P40,000 F d. P240,000 F e. can't be determined