Cultured Company is a manufacturer of its only one product line. It had sales of P400,000 for 2007 with a contribution margin ratio of 20 percent. Its margin of safety ratio was 10 percent. What are the company's fixed costs?

Glareless Company manufactures and sells sunglasses. The price and cost data are as follows: Selling price per pair of Sunglasses Variable costs per pair of sunglasses: Raw materials Direct labor Manufacturing overhead Selling expenses Total variable costs per unit Annual fixed costs: Manufacturing overhead P25.00 P11.00 5.00 2.50 1.30 P19.80 P192,000 276,000 P468,000 P3,000,000 Total fixed costs Selling and administrative Forecasted annual sales volume (120,000 pairs) Glareless Company estimates that its direct labor costs will increase 8 percent next year. How many units will Glareless have to sell next year to reach breakeven?