Solution-Compute the Cost of Sales Last Year

Compute the Cost of Sales Last Year

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Reference no: EM132814038

Question - Brent is tasked to compute for the gross profit variation of the company for the year. He believes that the change in gross profit of P100,000 is primarily caused by the Sales Quantity Variance of P1.44 Million, given that there was a 25% price change to achieve the P9 Million sales. There was a 40% gross profit margin for the current year.

Required -

1. Compute the Sales Price Variance.

2. Compute the Sales Last year.

3. Compute the Cost Price Variance.

4. Compute the Cost of Sales Last Year.

Reference no: EM132814038

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Compute the Cost of Sales Last Year

Reference no: EM132814038

Reference no: EM132814038

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