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...

1. The increase in sales price caused an increase in gross profit by:

a. P100,000

b. P137,500

c. P110,000

d. None of these

2. The percent of change in volume is:

a. 12.750%

b. 11.000%

c. 15.125%

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<br>analysis of the increase in their gross profit in 2021 based on their past two-year comnparative income statements which<br>show:<br>2020<br>2021<br>P1,237,500<br>950,000<br>P 287 000<br>Sales<br>P1,000,000<br>800,000<br>P 200,000<br>Cost of sales<br>Gross profit<br>The only known factor given to you is the sales price increased 12.5% beginning January 2021.<br>

Extracted text: 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.

Jun 10, 2022

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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...

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