Please compute for the following requirements and show solution in good accounting form so I can compare
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Please compute for the following requirements and show solution in good accounting form so I can compare it with my own answer. Thank you!
1. Uncle Ben Corp. sells a product for P5 per unit. The fixed expenses are P210,000 and the unit variable expenses are 60% of the selling price.
QUESTION: What sales would be necessary in order for Ginger Corp. to realize a profit of 10% of sales?
2. TYLER Company sells a product for P6 per unit. Fixed expenses total P37,500 per month and variable expenses are P2 per unit.
QUESTION: How many units must be sold each month to realize a profit before income taxes of 15% of sales.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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