The comparative income statement for the month of Uratex Philippines Corp makers of Monoblocks chairs shows the following; Sales ( P500 per unit x 200 total units sold ) P 100,000.00 Less: Cost of Goods Manufactured and Sold: Direct Materials Used P 25,000.00 Direct Labor 15,000.00 Factory Overhead 10,000.00 50,000.00 Gross Profit P 50,000.00 Less: Selling Expenses P 20,000.00 Administrative Expenses 14,000.00 34,000.00 Net Income P 16,000.00 ========== Required:
The comparative income statement for the month of Uratex Philippines Corp makers of Monoblocks chairs shows the following;
Sales ( P500 per unit x 200 total units sold ) P 100,000.00
Less: Cost of Goods Manufactured and Sold:
Direct Materials Used P 25,000.00
Direct Labor 15,000.00
Factory Overhead 10,000.00 50,000.00
Gross Profit P 50,000.00
Less: Selling Expenses P 20,000.00
Administrative Expenses 14,000.00 34,000.00
Net Income P 16,000.00
==========
Required:
- Compute the Contribution Margin per unit
- Compute the Contribution Margin Ratio
- Compute the Breakeven Points in Units
- Compute the Breakeven Point in Peso
- Compute the Margin of Safety if the Budgeted Sales if P120,000.00
- Compute for the Operating Leverage
- Compute for the number of units sold to earn P25,000
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