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Straight Problem 2: TARGET SALES with Profit GOLD Corporation presently sells product SILVER with the following related data: Unit contribution margin Variable cost ratio P40 60% Total fixed costs P400,000 Required: What would be the sales in pesos and in units if: a. Income before income tax is P200,000 b. Income after tax of 40% is P150,000 c. Profit rate before tax is 20% of sales d. Unit profit margin before tax is P8 e. Profit rate before tax is 10% of CMR

Straight Problem 2: TARGET SALES with Profit GOLD Corporation presently sells product SILVER with the following related data: Unit contribution margin Variable cost ratio P40 60% Total fixed costs P400,000 Required: What would be the sales in pesos and in units if: a. Income before income tax is P200,000 b. Income after tax of 40% is P150,000 c. Profit rate before tax is 20% of sales d. Unit profit margin before tax is P8 e. Profit rate before tax is 10% of CMR

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Straight Problem 2: TARGET SALES with Profit GOLD Corporation presently sells product SILVER with the following related data: Unit contribution margin Variable cost ratio P40 60% Total fixed costs P400,000 Required: What would be the sales in pesos and in units if: a. Income before income tax is P200,000 b. Income after tax of 40% is P150,000 c. Profit rate before tax is 20% of sales d. Unit profit margin before tax is P8 Profit rate before tax is 10% of CMR е.
Transcribed Image Text:Straight Problem 2: TARGET SALES with Profit GOLD Corporation presently sells product SILVER with the following related data: Unit contribution margin Variable cost ratio P40 60% Total fixed costs P400,000 Required: What would be the sales in pesos and in units if: a. Income before income tax is P200,000 b. Income after tax of 40% is P150,000 c. Profit rate before tax is 20% of sales d. Unit profit margin before tax is P8 Profit rate before tax is 10% of CMR е.
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