Company is a medium-sized manufacturer of lamps. During 2021, a new line called “Excellence” was made available to Companys customers. The break-even point for sales of Excellence is P400,000 with a contribution margin of 40%. Assuming that the operating profit for the Excellence line for 2021 amounted to P200,000, total sales for 2021 amounted to?
Company is a medium-sized manufacturer of lamps. During 2021, a new line called “Excellence” was made available to Companys customers. The break-even point for sales of Excellence is P400,000 with a contribution margin of 40%. Assuming that the operating profit for the Excellence line for 2021 amounted to P200,000, total sales for 2021 amounted to?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Company is a medium-sized manufacturer of lamps. During 2021, a new line called “Excellence” was made available to Companys customers. The break-even point for sales of Excellence is P400,000 with a contribution margin of 40%. Assuming that the operating profit for the Excellence line for 2021 amounted to P200,000, total sales for 2021 amounted to?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education