The following data for the years ended December 31, 2015 and 2016 were presented to...
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Accounting
The following data for the years ended December 31, 2015 and 2016 were presented to the management of Zigzag Company:
Net Sales Cost of Sales Gross Margin
2015 $1,363,000 $911,800 $451,200
2016 $1,250,000 $776,000 $474,000
The management requested you to determine the cause of the decline in Gross Profit
on Sales inspite of the favorable information given by the sales division that the quantity sold in 2016 was higher than in 2015 and that the production costs in 2016 were lower than that of 2015 by 6%. What is the percentage change in volume?
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