Computation: Name: ASSIGNMENT 03 (30 Points) SAY A LITTLE PRAYER Inc. (SALPI) started its operation November 5, 2019 and is targeting a P351,000 profit for January 2020. Each product is sold for P50 per piece. November December Production 3,000 units 4,800 units Total Cost and expenses P105,000 123,000 Required: (1) Compute the following and write your answers on the space provided (2) show your computation on a separate paper a. What is the variable cost per unit? & amount of fixed cost? b. What is the break-even point in units and pesos using the contribution margin approach? units; Show the Income Statement at breakeven point: SALES VARIABLE COST. CONTRIBUTION MARGIN FIXED COST PROFIT (LOSS)... P c. What is the sales that should be met to achieve the desired profit of SALPI? units; Show the Income Statement with the desired profit: SALES VARIABLE COST CONTRIBUTION MARGIN FIXED COST PROFIT (LOSS).. P
Computation: Name: ASSIGNMENT 03 (30 Points) SAY A LITTLE PRAYER Inc. (SALPI) started its operation November 5, 2019 and is targeting a P351,000 profit for January 2020. Each product is sold for P50 per piece. November December Production 3,000 units 4,800 units Total Cost and expenses P105,000 123,000 Required: (1) Compute the following and write your answers on the space provided (2) show your computation on a separate paper a. What is the variable cost per unit? & amount of fixed cost? b. What is the break-even point in units and pesos using the contribution margin approach? units; Show the Income Statement at breakeven point: SALES VARIABLE COST. CONTRIBUTION MARGIN FIXED COST PROFIT (LOSS)... P c. What is the sales that should be met to achieve the desired profit of SALPI? units; Show the Income Statement with the desired profit: SALES VARIABLE COST CONTRIBUTION MARGIN FIXED COST PROFIT (LOSS).. P
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Computation:
Transcribed Image Text:Name:
ASSIGNMENT 03
(30 Points)
SAY A LITTLE PRAYER Inc. (SALPI) started its operation November 5, 2019 and is targeting a P351,000 profit
for January 2020. Each product is sold for P50 per piece.
November
December
Production
3,000 units
4,800 units
Total Cost and expenses
P105,000
123,000
Required: (1) Compute the following and write your answers on the space provided
(2) show your computation on a separate paper
a. What is the variable cost per unit?
& amount of fixed cost?
b. What is the break-even point in units and pesos using the contribution margin approach?
units;
Show the Income Statement at breakeven point:
SALES
VARIABLE COST.
CONTRIBUTION MARGIN
FIXED COST
PROFIT (LOSS)...
P
c. What is the sales that should be met to achieve the desired profit of SALPI?
units;
Show the Income Statement with the desired profit:
SALES
VARIABLE COST
CONTRIBUTION MARGIN
FIXED COST
PROFIT (LOSS)..
P
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