The percent of change in cost is:a. 10.79%b. 10.000%c. 8.67%d. None of theseWith solution and good accounting form please thank you! Items 20 through 24 are based on the following: The management of Bataan Corporation asked you to submit ananalysis of the increase in their gross profit in 2021 based on their past two-year comnparative income statements whichshow:20202021P1,237,500950,000P 287 000SalesP1,000,000800,000P 200,000Cost of salesGross profitThe only known factor given to you is the sales price increased 12.5% beginning January 2021.

Cost of goods sold represents Direct costs incurred during production. COGS is deducted from sales…

Answered: he percent of change in cost is: a.…

he percent of change in cost is: a. 10.79% b. 10.000% c. 8.67% d. None of these With solution and good accounting form please thank you

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The percent of change in cost is:

a. 10.79%

b. 10.000%

c. 8.67%

d. None of these

With solution and good accounting form please thank you!

Items 20 through 24 are based on the following: The management of Bataan Corporation asked you to submit an
analysis of the increase in their gross profit in 2021 based on their past two-year comnparative income statements which
show:
2020
2021
P1,237,500
950,000
P 287 000
Sales
P1,000,000
800,000
P 200,000
Cost of sales
Gross profit
The only known factor given to you is the sales price increased 12.5% beginning January 2021.

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