100,000 Operating income (150,000) P45,000 July sales registered at 180,000 board games. Using a flexible budget, expected operating income for July must be A. P45,000 8. PS4,000 C. P102,000 D. P270,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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99

99. Games Co. expected to sell 150,000 board games for July. Its master budget related to sale and production of these items is
presented below:
P480,000
Revenue
Cost of goods sold
Direct Materials
Direct labor
Variable overhead
Contribution margin
P135,000
60,000
90,000
(285,000)
P195,000
Transcribed Image Text:99. Games Co. expected to sell 150,000 board games for July. Its master budget related to sale and production of these items is presented below: P480,000 Revenue Cost of goods sold Direct Materials Direct labor Variable overhead Contribution margin P135,000 60,000 90,000 (285,000) P195,000
Fored overhead
Fixed operating expenses
P50,000
100,000
(150,000)
Operating income
P45,000
July sales registered at 180,000 board games. Using a flexible budget, expected operating income for July must be
A. P45,000
8. P84,000
C. P102,000
D. P270,000
Transcribed Image Text:Fored overhead Fixed operating expenses P50,000 100,000 (150,000) Operating income P45,000 July sales registered at 180,000 board games. Using a flexible budget, expected operating income for July must be A. P45,000 8. P84,000 C. P102,000 D. P270,000
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