Homework Help is Here – Start Your Trial Now!
Business
Accounting
on (d) t- ntity (g cer repc

on (d) t- ntity (g cer repc

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
1. XY Company manufactures and sells LCD monitor at P5000 each. Compute the following: (a) total variable cost (b) total fixed cost (c) total cost (TC) function (d) total revenue (TR) function (e) profit function (f) the break-even quantity (g) the break-even sales revenue, when the production officer reported the following: > Sale price: P5000 per monitor > direct materials cost: P1000 per unit > direct labor cost: P550 per unit > other overhead cost P950 per unit Fixed costs related to the production are also reported: > salary of management: P200,000 > rent for the factory: P150,000, > other salaries: P140,000 > depreciation of equipment: P12,000
Transcribed Image Text:1. XY Company manufactures and sells LCD monitor at P5000 each. Compute the following: (a) total variable cost (b) total fixed cost (c) total cost (TC) function (d) total revenue (TR) function (e) profit function (f) the break-even quantity (g) the break-even sales revenue, when the production officer reported the following: > Sale price: P5000 per monitor > direct materials cost: P1000 per unit > direct labor cost: P550 per unit > other overhead cost P950 per unit Fixed costs related to the production are also reported: > salary of management: P200,000 > rent for the factory: P150,000, > other salaries: P140,000 > depreciation of equipment: P12,000
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Employee Retirement Income Security Act (ERISA)
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS