Turtle Inc.’s income statement for the year 2019 on production and sales of 200,000 units is as follows: Revenues P2,600,000 Cost of good sold 1,600,000 Gross margin 1,000,000 Marketing and distribution costs 1, 150,000 Operating income (loss) P(150,000) Turtle’s fixed manufacturing costs included in the cost of sales were P500,000, and the variable portion for marketing and distribution costs were P 800,000. The break-even point for Turtle for the year 2019 in units is 242,858 55,555 68,965 142,856 Group of answer choices 1 2 3 4
Turtle Inc.’s income statement for the year 2019 on production and sales of 200,000 units is as follows:
Revenues P2,600,000
Cost of good sold 1,600,000
Gross margin 1,000,000
Marketing and distribution costs 1, 150,000
Operating income (loss) P(150,000)
Turtle’s fixed
The break-even point for Turtle for the year 2019 in units is
- 242,858
- 55,555
- 68,965
- 142,856
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
