13. General Electric Company which manufactures electric motor has a capacity of producing 150 motors a month. The variable costs are P4,000.00 per month, the average selling price of the motor is P750.00 per motor. Fixed costs of the company amount to P78,000.00 per month which includes all taxes. The company has 12,000 shares of stock at P150.00 par value whose annual dividends are 15%. What is the profit if production is at 50% of capacity?
13. General Electric Company which manufactures electric motor has a capacity of producing 150 motors a month. The variable costs are P4,000.00 per month, the average selling price of the motor is P750.00 per motor. Fixed costs of the company amount to P78,000.00 per month which includes all taxes. The company has 12,000 shares of stock at P150.00 par value whose annual dividends are 15%. What is the profit if production is at 50% of capacity?
Chapter16: Financial Planning And Control
Section: Chapter Questions
Problem 19PROB
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![13. General Electric Company which manufactures electric motor has a capacity of
producing 150 motors a month. The variable costs are P4,000.00 per month, the
average selling price of the motor is P750.00 per motor. Fixed costs of the company
amount to P78,000.00 per month which includes all taxes. The company has 12,000
shares of stock at P150.00 par value whose annual dividends are 15%. What is the
profit if production is at 50% of capacity?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F550aa96e-b039-4438-befa-c47a4f628543%2F6ad322ff-4d9e-4299-9db4-b6a6aef6d7dd%2Fqz2q45_processed.png&w=3840&q=75)
Transcribed Image Text:13. General Electric Company which manufactures electric motor has a capacity of
producing 150 motors a month. The variable costs are P4,000.00 per month, the
average selling price of the motor is P750.00 per motor. Fixed costs of the company
amount to P78,000.00 per month which includes all taxes. The company has 12,000
shares of stock at P150.00 par value whose annual dividends are 15%. What is the
profit if production is at 50% of capacity?
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