Managerial Accounting

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For the month of October, David Creek Corporation sold 550 units at an average selling price per unit of P400. Related variable expense per unit was P 280 per unit while fixed expenses totaled P 49,500.00.

David Creek would want to know the following:

1. Target peso sales needed to achieve a target profit of P 38,100. =
2. Margin of safety in pesos sales =

At 455 units sold, total sales for David Creek Corporation were P 273,000.00 with contribution margin ratio of 15%. Total fixed expense, on the other hand, was P 19,350.00.

Preparing a contribution format income statement as part of your solution, compute for the following:

1. Break-even point in unit sales =
2. Margin of safety in percentage =

For requirement B, answer in xx.xx% format, as in 50.00% or 50.25%, for example.

Selected data for David Creek Corporation are as follows:

Total variable expense - P 65,500.00

Total fixed expense - P 46,500.00

Variable expense ratio - 40%

Now, compute for the net operating income =