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Lemery Corporation had sales of P120,000 for the month of May. It has a margin of safety ratio of 25 percent, and after-tax return
Lemery Corporation had sales of P120,000 for the month of May. It has a margin of safety ratio of 25 percent, and after-tax return on sales of 6 percent. The company assumes its sales constant every month. If the tax rate is 40 percent, how much is the annual fixed costs? P90,000 P432,000 P360,000 P36,000
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
