Question
QUESTION 1: The traditional income statement prepared by LYN Shoals Manufacturer appears below. Sales P4,000,000 Cost of goods sold 2,960,000 Gross profit 1,040,000 Selling and
QUESTION 1: The traditional income statement prepared by LYN Shoals Manufacturer appears below.
Sales | P4,000,000 |
Cost of goods sold | 2,960,000 |
Gross profit | 1,040,000 |
Selling and administrative expenses | 560,000 |
Net income | 480,000 |
The company sold 8,000 units, variable manufacturing and selling costs per unit are P300 and P50 respectively. What is the contribution margin? Give your answer in this format X,XXX,XXX.
QUESTION 2 The traditional income statement prepared by LYN Shoals Manufacturer appears below.
Sales | P4,000,000 |
Cost of goods sold | 2,960,000 |
Gross profit | 1,040,000 |
Selling and administrative expenses | 560,000 |
Net income | 480,000 |
The company sold 8,000 units, variable manufacturing and selling costs per unit are P300 and P50 respectively. What is the total fixed cost? Give your answer in this format XXX,XXX.
QUESTION 3 The traditional income statement prepared by LYN Shoals Manufacturer appears below.
Sales | P4,000,000 |
Cost of goods sold | 2,960,000 |
Gross profit | 1,040,000 |
Selling and administrative expenses | 560,000 |
Net income | 480,000 |
The company sold 8,000 units, variable manufacturing and selling costs per unit are P300 and P50 respectively. What is the total variable cost? Give your answer in this format XXX,XXX.
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