For this year 2020, Dulce Candies expects a 15% increase from 2019 sales of P75,000. It hopes to maintain cost ofsales ratio at 32%; and marketing and administrative expenses at 8% of sales. Based on these assumptions,8. Amount of sales for year 2020 should bea) P11,250| b) P24,000c) P86,250d) P105,0009. Cost of sales at that volume is expected to beb) P63,750a) P24,00010. Marketing and administrative expenses should be aroundP99,000d) P105,000a) P75,000b) P32,000P11,250d) P6,000

The cost of sales include the cost of goods that are sold during the period.

Answered: For this year 2020, Dulce Candies…

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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