Consider the following: Year 1 Revenue 600 COGS 500 Gross Profit 100 COGS are 80% variable in

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Consider the following:

Year 1

Revenue 600

COGS 500

Gross Profit 100

COGS are 80% variable in year 1. In year 2, revenue increases 5%, 3% due to price and 2% due to volume.

What is gross profit in year 2?

Related Book For answer-question

Modern Advanced Accounting in Canada

ISBN: 978-1259087554

7th edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Apr 28, 2023 01:22 AM

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Consider the following: Year 1 Revenue 600 COGS 500 Gross Profit 100 COGS are 80% variable in

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Answer I Hence Gross Profit 122 Revenue in ... View the full answer

Modern Advanced Accounting in Canada

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