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    Sales Cost of Sales Gross Margin Volume Variance Adjusted Gross Margin

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    Froilan Arlando Bandula
    This document shows the financial performance over 5 years for a company including sales, costs, margins, expenses and net income. Sales and costs increased each year, resulting in higher gross margins. After accounting for expenses, net income increased each year from $1.2 million in Year 1 to $2.3 million in Year 5.

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    Sales Cost of Sales Gross Margin Volume Variance Adjusted Gross Margin

    Uploaded by

    Froilan Arlando Bandula
    9 views1 page
    This document shows the financial performance over 5 years for a company including sales, costs, margins, expenses and net income. Sales and costs increased each year, resulting in higher gross margins. After accounting for expenses, net income increased each year from $1.2 million in Year 1 to $2.3 million in Year 5.

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    This document shows the financial performance over 5 years for a company including sales, costs, margins, expenses and net income. Sales and costs increased each year, resulting in higher gross margins. After accounting for expenses, net income increased each year from $1.2 million in Year 1 to $2.3 million in Year 5.

    Copyright:

    © All Rights Reserved
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    9 views1 page

    Sales Cost of Sales Gross Margin Volume Variance Adjusted Gross Margin

    Uploaded by

    Froilan Arlando Bandula
    This document shows the financial performance over 5 years for a company including sales, costs, margins, expenses and net income. Sales and costs increased each year, resulting in higher gross margins. After accounting for expenses, net income increased each year from $1.2 million in Year 1 to $2.3 million in Year 5.

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    © All Rights Reserved
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    of 1

    YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

    SALES 5,178,000.00 5,558,958.00 5,967,664.32 6,406,475.06 6,877,974.48


    COST OF SALES 3,022,226.00 3,060,923.10 3,099.970.00 3,139,543.00 3,179,816.00
    GROSS MARGIN 2,155,774.00 2,498,035.00 2,867,694.00 3,266,932.06 3,698,158.00
    VOLUME VARIANCE 753.00 3,527.00 6,325.00 9,162.00 12,048.00
    ADJUSTED GROSS MARGIN 2,155,021.00 2,494,508.35 2,861,368.72 3,257,770.56 3,686,110.48
    SELLING & 364,482.39 364,792.00 364,824.00 365,682.00 364,832.00
    ADMINISTRATIVE
    ORIGINATION COST 57,760.00 0 0 0 0
    INCOME BEFORE TAX 1,732,778.61 2,129,716.46 2,496,544.00 2,892,089.02 3,321,278.18
    TAX- @30% 519,833.58 638,914.94 748,963.46 867,626.71 996,383.45
    NET INCOME AFTER TAX 1212945.03 1,490,801.52 1,747,581.42 2,024,462.32 2,324,894.72

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