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Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000 (one-half fixed), and marketing and administrative costs P 2,700,000 (two-thirds variable). The contribution margin is: 1. P 400,000 2. P 2,400,000 3. P 3.100,000 4. P 3,300,000

Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000 (one-half fixed), and marketing and administrative costs P 2,700,000 (two-thirds variable). The contribution margin is: 1. P 400,000 2. P 2,400,000 3. P 3.100,000 4. P 3,300,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 3MC
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© 79 feuph.instructure.com Question 54 3 pts Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000 (one-half fixed), and marketing and administrative costs P 2,700,000 (two-thirds variable). The contribution margin is: 1. P 400,000 2. P 2,400,000 3. Р 3.100,000 4. P 3,300,000 O 2 O 3 Question 55 3 pts In the fiscal year just concluded, the University Shop reported net income of P4,000,000 on sales of P30,000,000. The variable costs as a percentage of
Transcribed Image Text:© 79 feuph.instructure.com Question 54 3 pts Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000 (one-half fixed), and marketing and administrative costs P 2,700,000 (two-thirds variable). The contribution margin is: 1. P 400,000 2. P 2,400,000 3. Р 3.100,000 4. P 3,300,000 O 2 O 3 Question 55 3 pts In the fiscal year just concluded, the University Shop reported net income of P4,000,000 on sales of P30,000,000. The variable costs as a percentage of
feuph.instructure.com A Silverado Company incurred the following costs in the production of 10,000 units of its main product X: Selling price per unit P 1,000 Direct material 150 Direct labor 120 Variable overhead 100 Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55% 4. 63% O 1 O 2 0 3 4
Transcribed Image Text:feuph.instructure.com A Silverado Company incurred the following costs in the production of 10,000 units of its main product X: Selling price per unit P 1,000 Direct material 150 Direct labor 120 Variable overhead 100 Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55% 4. 63% O 1 O 2 0 3 4
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