Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 53 2 pts In 2019, Historia Company sold its single product for Php10 each. Variable manufacturing costs amounted to Php2.00 per unit. The company

image text in transcribed

Question 53 2 pts In 2019, Historia Company sold its single product for Php10 each. Variable manufacturing costs amounted to Php2.00 per unit. The company needed to sell 17,600 units last year in order to breakeven. The net after-tax income last year was Php4,435.20 subjected to a tax rate of 30%. Historia's expects that sales price will increase to Php12.00, variable manufacturing costs will increase by 1/2 and that fixed costs will increase by 8%. What was the fixed cost before the expected changes? O Php176,000 Php150,000 Php146,800 Php140,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

4. Devise an interview strategy from the interviewers point of view

Answered: 1 week ago