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  ₱____­­­­­__________

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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