30. Young Company manufactures and sells a single product which has an economy and luxury model. The following data are available: Economy Luxury Selling price Variable costs P 40 P100 60% 40% Fixed overhead is P1,500 of which one-third can be traced to the economy model, one- d can be traced to the luxury model, and one third is common costs. Fixed selling and inistrative expense is P1,000 of which 20% can be traced to the economy model, 30% can be ed to the luxury model and 50% is common cost. If 20 units of each are sold, what is the nent margin for the luxury model? a. PO b. Р400 с. Р250 d PR00
30. Young Company manufactures and sells a single product which has an economy and luxury model. The following data are available: Economy Luxury Selling price Variable costs P 40 P100 60% 40% Fixed overhead is P1,500 of which one-third can be traced to the economy model, one- d can be traced to the luxury model, and one third is common costs. Fixed selling and inistrative expense is P1,000 of which 20% can be traced to the economy model, 30% can be ed to the luxury model and 50% is common cost. If 20 units of each are sold, what is the nent margin for the luxury model? a. PO b. Р400 с. Р250 d PR00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:30. Young Company manufactures and sells a single product which has an economy and
luxury model. The following data are available:
intw
Economy
Luxury
P 40
Selling price
Variable costs
P100
60%
40%
mumlaim m
Fixed overhead is P1,500 of which one-third can be traced to the economy model, one-
d can be traced to the luxury model, and one third is common costs. Fixed selling and
ninistrative expense is P1,000 of which 20% can be traced to the economy model, 30% can be
ed to the luxury model and 50% is common cost. If 20 units of each are sold, what is the
ment margin for the luxury model?
а. РО
b. Р400
vni no muni s
ALThe
c. P250
d. P800
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