2. Break-even Point and Other Information. Presented hereunder is the Statement of Comprehensive Income of DE Corporation for the year ended December 31, 2020.

DE Corporation

Statement of Comprehensive Income For the Year Ended December 31, 2020

Sales (20,000 units)

Less: Cost of Sales

Gross Income

Less: Selling and Administrative Exp. Operating income

Other data:

1/3 of the cost of sales is fixed

P300,000 180,000 120,000

80,000

40,000 ======

75% of the selling and administrative expenses is variable

Required: Determine the following

1. (a)Totalfixedcost
2. (b)Variable cost per unit
3. (c)Variable cost ratio
4. (d)Contribution margin per unit
5. (e)Contribution margin ratio
6. (f)Break-even point in units
7. (g)Break-even point in pesos
8. (h)Marginofsafetyinunits
9. (i)Margin of safety in pesos
10. (j)Margin of safety ratio
11. (k)Required sales in units if the company wants to earn operating income of P60,000.
12. (l)Required sales in pesos if the company wants to earn operating income of P60,000.
13. (m)Assuming that the tax rate is 30%, the required sales in units if the company projects income after
14. tax of P70,000.
15. (n)Assumingthatthetaxrateis30%,therequiredsalesinpesosifthecompanyprojectsincomeafter
16. tax of P70,000.
17. (o)The profit ratio for the year ended December 31, 2020.