Colt Company produces and sells a single product. The product sells for Php120 per unit and has

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Colt Company produces and sells a single product. The product sells for Php120 per unit and has a contribution margin ratio of 30%. The company's monthly fixed expenses are Php57,600. If Colt Company wants a monthly net operating income equal to 15% of sales, monthly sales will have to be

45,600
384,000
192,000
120,000

Posted Date: Nov 14, 2021 12:54 PM

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Colt Company produces and sells a single product. The product sells for Php120 per unit and has

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Expert Answer:

Answer is Option B ie 384000 Explanation Desired sales are calculated using the following formula ... View the full answer

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