Given the following income statement for OR company for 20X4: Sales (30,000 units) P 600,000 Less operating expenses: Variable P 390,000 Fixed 140,000 530,000 Net income P 70,000 The break-even point for 20X4 is a. 26,000 units b. 17,500 units c. P 460,000 d. P 400, 000

Given the following income statement for OR company for 20X4: Sales (30,000 units) P 600,000 Less operating expenses: Variable P 390,000 Fixed 140,000 530,000 Net income P 70,000 The break-even point for 20X4 is a. 26,000 units b. 17,500 units c. P 460,000 d. P 400, 000

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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Question

Given the following income statement for OR company for 20X4:

Sales (30,000 units) P 600,000

Less operating expenses:

Variable P 390,000

Fixed 140,000 530,000

Net income P 70,000

The break-even point for 20X4 is

a. 26,000 units

b. 17,500 units

c. P 460,000

d. P 400, 000

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