Base questions 32-33 based on the following information: 2016 2017 2018 Sales 1000 1200 1320 COGS...
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Base questions 32-33 based on the following information: 2016 2017 2018 Sales 1000 1200 1320 COGS 600 Gross Profit 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? Base questions 32-33 based on the following information: 2016 2017 2018 Sales 1000 1200 1320 COGS 600 Gross Profit 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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