Zoids Toys Company provides you with the following miscellaneous data regarding their operations in 20xx. Gross Profit
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Question:
- Zoids Toys Company provides you with the following miscellaneous data regarding their operations in 20xx.
- Gross Profit P 200,000
- Net Loss (50,000)
- Sales 1,000,000
- Direct Materials Used 350,000
- Direct Labor 250,000
- Fixed Manufacturing Overhead of 150,000
- Fixed Selling and Administrative Expenses of 120,000
- There are no beginning or ending inventories.
- Compute the following:
- a. Variable Selling and Administrative Expenses;
- b. Contribution Margin in pesos;
- c. Variable Manufacturing Overhead;
- d. Break-even sales in pesos
- e. Break-even sales in units
- f. Total Manufacturing Costs and
- g. the Cost of Goods Sold
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
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