CASE NO. 3(10 points)

COA Manufacturing Company's budget for the coming year revealed the following unit data.

Budgeted Net Income : P458,000

Variable Manuf. : P14

Variable Selling : P2.50

Variable General : P 0.25

Unit Selling Price: P50

Fixed Manuf. : P12

Fixed Selling : P5.50

Fixed General : P 7

Compute for the margin of safety in peso and in percentage