III. PROBLEM SOLVING: Read and analyze each'problem. Solve each problem and show yoursolution.1. The cost of producing mini-electric fan consist of P100 for labor, P120 for materials, and other variablecost of P1. Mini-electric fan can be sold for P350 each. The total fixed cost is P350,000 per month.Determine how many units of mini-electric fan must be sold to break even. Assume the units sold ofmini electric fan of 500, 1,000, 3,000. Use graphical approach to show your answer.2. Mark was able to sell a vehicle whose suggested retail price is P1,118,000, The vehicle will be financedthrough a bank. The required down payment was P78,000 and the monthly amortization for 6 years willbe P22,494. The car dealer gave a 5% commission rate. installment hasis starting on the 7 eqaty pyment bd on the compey's commion sIf the car dealer receives 3% commision, hew much will she recerve as her mothly commi inEquity in she dierence heteeen he walar of the propenty and the cu of she f ewg thengenty.How much Mark pay mehly for the oquity?ch was the gross balancn or the amount to be financed by the bank?a How much is the cunert increaed balance (gross balance with added interest) when churged with aninterest rate of 32?e Hlow mch is the interest rate charged by the bank if the buyer will pey a mohly amontization ofP22,494 for 6 years?E Calculate the remaining balance interest (difference between the total amortization payment and thegross balance).3. Beth receives a basic salary of P35 961, transportation allowance of PI 050, and rice allowance of rS00. Her overtime pay for the month amounted to P% 035. Her monthly contributions to Pag-lIGrunPhilHealth, and SSS are P200, P437.50, and P600.30, respectively. Ifher withholding tax for theamounted to P6 890.35, determine her gross and net carnings

Concept of Cost Volume Profit Analysis

your 1. The cost of producing mini-electric fan consist of P100 for labor, P120 for materials, and other variable cost of P1. Mini-electric fan can be sold for P350 each. The total fixed cost is P350,000 per month. Determine how many units of mini-electric fan must be sold to break even. Assume the units sold of mini electric fan of 500, 1,000, 3,000. Use graphical approach to show your answer.

your 1. The cost of producing mini-electric fan consist of P100 for labor, P120 for materials, and other variable cost of P1. Mini-electric fan can be sold for P350 each. The total fixed cost is P350,000 per month. Determine how many units of mini-electric fan must be sold to break even. Assume the units sold of mini electric fan of 500, 1,000, 3,000. Use graphical approach to show your answer.

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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Help
Can you help with the CVP Drill #6?
Currently, the unit selling price of a product is $340, the unit variable cost is $280, and the total fixed costs are $720,000. A proposal is being evaluated to increase the unit selling price to $380. a. Compute the current break-even sales (units).fill in the blank 1 units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased to the proposed $380, and all costs remain constant.fill in the blank 2 units
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Please show the solution on how to get the answer.
How do I work this problem in excel? Calculate the break even number of units if the fixed expenses are $7,000 and the contribution margin is $14 per unit.