Use the following information for Multiple Questions 29 through 32:

Mikee Company sells one product for P100 per unit. Variable costs are P60 per unit. Fixed costs are P150,000. Mikee's result of operations for 2018 follow:

MIKEE COMPANY Income Statement For the Year Ended December 31, 2018

Sales P 500,000 Variable costs 300,000 Contribution margin P 200,000 Fixed Costs 150,000 Profit before Tax P 50,000

29. What are the degrees of operating leverage for Mikee Company? a. 1 c. 4 b. 3 d. 10

30. What is the margin of safety in sales revenue? a. P125,000 c. P375,000 b. P200,000 d. P500,000

31. What is the margin of safety in units? a. 1,250 c. 3,000 b. 3,750 d. 5,000

32. What is the margin of safety in percentage? a. 25% c. 40% b. 33% d. 133%

33. Teams company had 5 degrees of operating leverage when its profit before taxes was P200,000. If the company's sales increase by 10%, what is the company's profit before taxes? a. P100,000 c. P300,000 b. P200,000 d. P400,000