Ronnie is confused with the gross profit variation for the current year. The change in gross profit of P2.2 Million is quite confusing since he was only aware of an increased sales quantity by 22%. He believes that the P12 price change from last year's P75 will not have much in effect since the gross profit margin from last year of 40% will also change, given that there was a gross profit of P4 Million on that same year. Now, you want to know why Ronnie is confused and now up to find out the other factors of gross profit variation. Compute for (round off answers in nearest centavo, write answer with commas and two decimal places and include a ' - ' for negative answers, and write and round off percentage answers as follows: ' 20.25% ' that is, include the percentage sign):
1. Gross Profit Margin This Year
2. Sales Price Variance
3. Sales Quantity Variance
4. Cost Price Variance
5. Cost Quantity Variance