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Wilson Company has three stores: A, B, and C. During January, the variable expenses in Store A were P150,000 and the contribution margin ratio was 25%. Store B had a contribution margin of P30,000 and a contribution margin ratio of 20%. Store C had a variable expense of P90,000 and a variable expense ratio of 60% of sales. For January, Wilson Company's sales were: A. P455,000 B. P500,000 C. P555,000

Wilson Company has three stores: A, B, and C. During January, the variable expenses in Store A were P150,000 and the contribution margin ratio was 25%. Store B had a contribution margin of P30,000 and a contribution margin ratio of 20%. Store C had a variable expense of P90,000 and a variable expense ratio of 60% of sales. For January, Wilson Company's sales were: A. P455,000 B. P500,000 C. P555,000

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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Wilson Company has three stores: A, B, and C. During January, the variable expenses in Store A were P150,000 and the contribution margin ratio was 25%. Store B had a contribution margin of P30,000 and a contribution margin ratio of 20%. Store C had a variable expense of P90,000 and a variable expense ratio of 60% of sales. For January, Wilson Company's sales were: A. P455,000 B. P500,000 C. P555,000 D. P485,000
Transcribed Image Text:Wilson Company has three stores: A, B, and C. During January, the variable expenses in Store A were P150,000 and the contribution margin ratio was 25%. Store B had a contribution margin of P30,000 and a contribution margin ratio of 20%. Store C had a variable expense of P90,000 and a variable expense ratio of 60% of sales. For January, Wilson Company's sales were: A. P455,000 B. P500,000 C. P555,000 D. P485,000
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