Question 4 1 pts Toledo Toy Company incurred the following costs during 20x4. The company sold all of its products manufactured during the year. Direct Materials P 00,000 Direct Labor 3,500,000 250,000 Manufacturing Overhead: Utilities (primarily electricity) Depreciation Plant and Equipment Insurance 350,000 260,000 Supervisory Salary 470,000 Property Taxes 330,000 Selling Cost: Advertising 315,000 Sales Commission 145,000 Administrative Costs: Salaries of Top management 580,000 70,000 Office Supplies Depreciation on Building and Equipment 140,000 During 20x4, the company operated at about half of its capacity, due to a slowdown in the economy. Prospects for 20x5 are slightly better. Jared Lowes, the marketing manager, forecasts a 30 percent growth in sales over the 20x4 level How much is the total fixed cost of Toledo Toy Company in 20x4? P2,515,000 P2,375,000 P2,500,000 P2,445,000 Question 7 1 pts Detroit Disk, Inc. is a retailer for digital video disks. The projected net income for the current year is P600,000 based on a sales volume of 400,000 video disks. Detroit Disk has been selling the disks for P24 each. The variable costs consist of the P15 unit purchase price of the disks and a handling cost of P3 per disk. Detroit Disk's annual fixed costs are P1,800,000. Management is planning for the coming year when it expects that the unit purchase price of the video disks will increase 30 percent. (Ignore income taxes.) Detroit Disk's break-even point in the number of video disks for the current year is 300,000 75,000 200,000 400,000 Question 8 1 pts Data for September of Direction Corporation and its two major business segments, North and South, appear below: Sales, North Variable Expenses, North Traceable fixed expenses, North Sales, South Variable Expenses, South Traceable fixed expenses, South P540,000 259,000 70,000 800,000 408,000 80,000 In addition, common fixed expenses totaled P319,000 and were allocated as follows: P160,000 to the North business segment and P159,000 to the South business segment. The contribution margin of the South business segment is P 312,000 P 281,000 P 211,000 P 392,000