Selling price per unit ₱25 Number of units sold 15,000 Contribution margin ratio 30% Net Income ₱50,000 What is the contribution margin in pesos? Show solution Group of answer choices ₱300,000 ₱062,500 ₱112,500 ₱375,000

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.16E
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16. 

Selling price per unit

₱25

Number of units sold

15,000

Contribution margin ratio

30%

Net Income

₱50,000

What is the contribution margin in pesos? Show solution

Group of answer choices

₱300,000

₱062,500

₱112,500

₱375,000

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