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 ₱______________
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 ₱______________
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 ₱_________________
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