Question
Based on the following: Profit margin before tax based on sales 8% Margin of safety ratio 20% Fixed costs P1 200 000 Variable cost of
Based on the following: Profit margin before tax based on sales 8% Margin of safety ratio 20% Fixed costs P1 200 000 Variable cost of goods sold 25%,
what is the amount of sales?
what is the variable selling and administrative expense?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Breakeven n point in sales Given Variable Cost of goods sold Therefore contribution margin Breakev...
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
