9 An increase (decrease) in cost of sales due to volume of *Sample format: 111,111 or (111,111)The president of Natio nal Co., after being informed that the 2021 selling price was 6% lower than2020, would like to know other factors that changes the gross margin as shown below.2020P420,000.00P243.600.00P176,400.002021Net SalesCost of SalesGross MarginP426,384.00P276.242.40P150.141.60

Cost of Sales Cost of sales which is described as the cost which are incurred at the time of sales…

Answered: An increase (decrease) in cost of sales…

Business

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

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

An increase (decrease) in cost of sales due to volume of *
Sample format: 111,111 or (111,111)
The president of Natio nal 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.
2020
P420,000.00
P243.600.00
P176,400.00
2021
Net Sales
Cost of Sales
Gross Margin
P426,384.00
P276.242.40
P150.141.60

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