. University Catering sells 50 pound bags of popcorn in the university dormitories for P10 a bag. Fixed cost of this operation are P80,000 while variable costs of the popcorn are P.10 per pound. a. What is the BEP in bags? b. Calculate the EBIT or loss on 12,000 bags and 25,000 bags. c. Calculate the EBIT or loss on 25,000 bags.

. University Catering sells 50 pound bags of popcorn in the university dormitories for P10 a bag. Fixed cost of this operation are P80,000 while variable costs of the popcorn are P.10 per pound. a. What is the BEP in bags? b. Calculate the EBIT or loss on 12,000 bags and 25,000 bags. c. Calculate the EBIT or loss on 25,000 bags.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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