Juitty J. 0argin of Safety Ratio 4. Mahjong Co. produces and sells two products, tables and chairs. Following is next month's income budget Sales in units Chairs Tables Total 600 150 750 Sales P 1,200.00 P 187.50 P 1,387.50 VC 1,050.00 112.50 1,162.50 CM 150.00 75.00 225.00 FX 90.00 NI 135.00 Required: How many units of tables should be sold next month to break even? b. How many units of chairs should be sold to earn a profit of P150 How many units of chairs should be sold to earn a profit of P100 net of 30% tax? a. С.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.6.2MBA
icon
Related questions
icon
Concept explainers
Question
mul Jalety 5. Margin of Safety Ratio
4. Mahjong Co. produces and sells two products, tables and chairs. Following is next month's income budget
Sales in units
Chairs
Tables
Total
600
150
750
Sales
P 1,200.00
1,050.00
P 187.50
P 1,387.50
VC
112.50
1,162.50
CM
150.00
75.00
225.00
FX
90.00
NI
135.00
Required:
a.
How many units of tables should be sold next month to break even?
b. How many units of chairs should be sold to earn a profit of P150
С.
How many units of chairs should be sold to earn a profit of P100 net of 30% tax?
Transcribed Image Text:mul Jalety 5. Margin of Safety Ratio 4. Mahjong Co. produces and sells two products, tables and chairs. Following is next month's income budget Sales in units Chairs Tables Total 600 150 750 Sales P 1,200.00 1,050.00 P 187.50 P 1,387.50 VC 112.50 1,162.50 CM 150.00 75.00 225.00 FX 90.00 NI 135.00 Required: a. How many units of tables should be sold next month to break even? b. How many units of chairs should be sold to earn a profit of P150 С. How many units of chairs should be sold to earn a profit of P100 net of 30% tax?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning