Star Boy Company sells a single product, Product X. Last year, sales revenue amounted to P700,000 and total variable and fixed costs amounted to P420,000 and P210,000, respectively. The products were sold at P7 per unit A study was made by the sales manager. It disclosed that the unit selling price could be increased by 20% but with a corresponding decrease by 15% of the volume sold. If Star Boy Company incorporates the changes in its next year forecast, what is the income for Product X?
Star Boy Company sells a single product, Product X. Last year, sales revenue amounted to P700,000 and total variable and fixed costs amounted to P420,000 and P210,000, respectively. The products were sold at P7 per unit A study was made by the sales manager. It disclosed that the unit selling price could be increased by 20% but with a corresponding decrease by 15% of the volume sold. If Star Boy Company incorporates the changes in its next year forecast, what is the income for Product X?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Star Boy Company sells a single product, Product X. Last year, sales revenue amounted to P700,000
and total variable and fixed costs amounted to P420,000 and P210,000, respectively. The products
were sold at P7 per unit
A study was made by the sales manager. It disclosed that the unit selling price could be increased by
20% but with a corresponding decrease by 15% of the volume sold. If Star Boy Company
incorporates the changes in its next year
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