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& B. The controller of CHICA Co. prepared the following income statements: November December Sales P420,000 P450,000 Cost of Sales 226,000 235,000 Gross Margin P194,000
& B. The controller of CHICA Co. prepared the following income statements: November December Sales P420,000 P450,000 Cost of Sales 226,000 235,000 Gross Margin P194,000 P215,000 Selling Administrative 105,000 108,000 Expenses Income before Taxes P 89,000 P107,000 CHICA Co. produces a single product and all costs are mixed costs. Requirements: a. How much peso sales should it generate next month to earn P143,333? (2 points) b. At what sales level would Chica's breakeven? (2 points) c. How much is the total variable costs at the breakeven point? (2 points)
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