MIKAS, Inc. sells and installs furnaces for P3,000 per furnace. The following cost formula relates to last year's operations at MIKAS: Y = P125,000 + P1,800X If MIKAS sold and installed 500 furnaces last year, what was its total contribution margin last year?  600,000 475,000 900,000 1,025,000

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter2: Basic Managerial Accounting Concepts
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MIKAS, Inc. sells and installs furnaces for P3,000 per furnace. The following cost formula relates to last year's operations at MIKAS:

Y = P125,000 + P1,800X

If MIKAS sold and installed 500 furnaces last year, what was its total contribution margin last year? 

600,000

475,000

900,000

1,025,000

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