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

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

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