Mienfoo Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume: Sales volume (units) 9,500 11,490 Cost of sales P 731,500 P 884,730 Selling and administrative costs P 696,000 P 739,780 The company sells the product for P134.00 per unit. The best estimate of the TOTAL CONTRIBUTION MARGIN when 10,070 units are sold is P ----- ----

Mienfoo Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume: Sales volume (units) 9,500 11,490 Cost of sales P 731,500 P 884,730 Selling and administrative costs P 696,000 P 739,780 The company sells the product for P134.00 per unit. The best estimate of the TOTAL CONTRIBUTION MARGIN when 10,070 units are sold is P ----- ----

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Description: Mienfoo Corporation is a wholesaler that sells a single product. Management has provided the following cost data fortwo levels of monthly sales volume:Sales volume (units)9,50011,490Cost of salesP 731,500P 884,730Selling and administrative costsP 69

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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Mienfoo Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume: Sales volume (units) 9,500 11,490 Cost of sales ₱ 731,500 ₱ 884,730 Selling and administrative costs ₱ 696,000 ₱ 739,780 The company sells the product for ₱134.00 per unit. The best estimate of the TOTAL CONTRIBUTION MARGIN when 10,070 units are sold is ₱_________________