Question
GOLD Corporation presently sells product SILVER with the following related data: P40 Unit contribution margin Variable cost ratio Total fixed costs Required: What would
GOLD Corporation presently sells product SILVER with the following related data: P40 Unit contribution margin Variable cost ratio Total fixed costs Required: What would be the sales in pesos and in units if: a. Income before income tax is P200,000 b. Income after tax of 40% is P150,000 c. Profit rate before tax is 20% of sales 60% P400,000
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Step: 1
To calculate the sales in pesos and units for each scenario we can use the following formulas Sales Fixed Costs Desired Profit Contribution Margin Uni...Get Instant Access to Expert-Tailored Solutions
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
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