PIOLO Company shows the following budgeted data for the year 20B: Estimated sales 18,000 units Amount...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
PIOLO Company shows the following budgeted data for the year 20B: Estimated sales 18,000 units Amount Per unit Direct labor P54,000 P3.00 Materials 8,100 0.45 Fixed overhead 13,500 0.75 Administrative expenses 16.200 0.90 P91,800 P5.10 Selling expenses are expected to be 20% of sales and profit before tax is to amount to P1.50/unit. In order to attain the company's goal for 20B, the selling price per unit must be set at: PIOLO Company shows the following budgeted data for the year 20B: Estimated sales 18,000 units Amount Per unit Direct labor P54,000 P3.00 Materials 8,100 0.45 Fixed overhead 13,500 0.75 Administrative expenses 16.200 0.90 P91,800 P5.10 Selling expenses are expected to be 20% of sales and profit before tax is to amount to P1.50/unit. In order to attain the company's goal for 20B, the selling price per unit must be set at:
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The Thompson Toy Company manufactures toy building block sets for children. Thompson is planning for 2017 by developing a master budget by quarters. Thompsons balance sheet for December 31, 2016,...
-
e) Based on your investigation of the data set create two well-formatted tables that illustrate some important features of the data. Your tables should have informative labels and a readable number...
-
Access the HS Graduation Rates file on the text CD, which contains statewide data on x = high school graduation rate and y = percentage of individuals without health insurance. a. Construct a scatter...
-
When a company sells products to a customer on credit, the resulting accrual is best described as: A. accruals management. B. a discretionary accrual. C. a nondiscretionary accrual.
-
Compare and contrast the auditing standards of France and Japan with those of the United Kingdom. What differences appear to exist in the fundamental role of the auditor in each of these countries?
-
A comparative balance sheet for Shabbona Corporation is presented below. Additional information: 1. Net income for 2014 was $125,000. No gains or losses were recorded in 2014. 2. Cash dividends of...
-
Discuss the concept of strategic planning in a global environment.
-
Given the cash flows in the table above, the point at which the NPV profile crosses the vertical axis is: O A. $4,000 OB. $16,000 OC. 15% OD. 19% Year Cash Flow - 12000 4000 4000 4000 4000 11234
-
Suppose the market is efficient in every way, and you are looking at the price of a particular stock. If this stock's price was $30 a month ago, $31 two weeks ago, and $32 today, then the price in a...
-
Calculate forward-looking multiplesof net income from continuing operations for Amazon Which conclusion for 5.2 does this calculation support? In which year does it become app How do your answers to...
-
What kinds of empirical evidence and theoretical arguments have been used by writers on behavioural finance to criticize the efficient market hypothesis in the stock market ? How convincing do you...
-
Given the following probability distribution, what are the expected return and the standard deviation of returns for Security J? Round your answer to 2 decimals and report percentage points. (For...
-
Curtis purchased a mountain bike for $650.00 with 75% down. He will make 12 payments of $24.38 each. 1. What is the total amount paid (including down payment)?
-
Convinced this town's spectacular setting would inspire his workers, Richard Liebhaber figured "build it, and they will come." In 1991 the chief technology officer of MCI Communications Corp decided...
-
Organizations are increasing their use of personality tests to screen job applicants. What are some of the advantages and disadvantages of this approach? What can managers do to avoid some of the...
-
Who should be involved in the IT evaluation process?
-
The authors state that advocates of SISP should prepare convincing arguments to authorize the funding of the study. What are some convincing arguments for why SISP should be carried out?
-
The value of IT/IS investments is more often justified by faith alone, or perhaps what adds up to the same thing, by understanding costs and using mainly notional figures for benefit realization....
Study smarter with the SolutionInn App