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2. Unconditionally Corporation estimated that the company can sell 200,000 units of a product next period and earn a profit of P350,000 after tax of 30 Fixed costs are estimated at P480,000 for the period. Variable costs are equal to two thirdsof sales revenue. To meet this objective, what price mu be charged for each unit of product? 3. I love you Corp. plans to sell 500,000 units of a product at a price of P19.5

2. Unconditionally Corporation estimated that the company can sell 200,000 units of a product next period and earn a profit of P350,000 after tax of 30 Fixed costs are estimated at P480,000 for the period. Variable costs are equal to two thirdsof sales revenue. To meet this objective, what price mu be charged for each unit of product? 3. I love you Corp. plans to sell 500,000 units of a product at a price of P19.5

FINANCIAL ACCOUNTING
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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Provide step by step solution and answer. Answer number 2 and 3. lack of answer will be given down vote

2. Unconditionally Corporation estimated that the company can sell 200,000 units of a product next period and earn a profit of P350,000 after tax of 30%. Fixed costs are estimated at P480,000 for the period. Variable costs are equal to two thirdsof sales revenue. To meet this objective, what price must be charged for each unit of product? 3. I love you Corp. plans to sell 500,000 units of a product at a price of P19.50 per unit. Fixed costs for the period have been budgeted at P750,000. The profit after tax has been budgeted at P480,000 with an income tax rate of 40%, In order to meet the above requirements, how much should be the variable cost per unit?
Transcribed Image Text:2. Unconditionally Corporation estimated that the company can sell 200,000 units of a product next period and earn a profit of P350,000 after tax of 30%. Fixed costs are estimated at P480,000 for the period. Variable costs are equal to two thirdsof sales revenue. To meet this objective, what price must be charged for each unit of product? 3. I love you Corp. plans to sell 500,000 units of a product at a price of P19.50 per unit. Fixed costs for the period have been budgeted at P750,000. The profit after tax has been budgeted at P480,000 with an income tax rate of 40%, In order to meet the above requirements, how much should be the variable cost per unit?
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