Sales COGS Gross Profit based on the following information: 2016 2017 2018 1000 1200 1320 600...
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Sales COGS Gross Profit based on the following information: 2016 2017 2018 1000 1200 1320 600 400 Assume in 2016 variable costs are 300. 32. If volume increases were 6% in 2017 and 3% in 2018, what would be gross profit in 2018? 33. If the entire increase in revenue for both 2017 and 2018 was attributable to price, what would gross profit be in 2018? Sales COGS Gross Profit based on the following information: 2016 2017 2018 1000 1200 1320 600 400 Assume in 2016 variable costs are 300. 32. If volume increases were 6% in 2017 and 3% in 2018, what would be gross profit in 2018? 33. If the entire increase in revenue for both 2017 and 2018 was attributable to price, what would gross profit be in 2018?
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Answer rating: 100% (QA)
To calculate the gross profit in 2018 we need to determine the cost of goods sold COGS for that year We can use the information given to find the COGS ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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