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Question - Layug Company is a distributor that has an exclusive franchise to sell a particular product made by another company. Layug Company's income statements for the last two years are given below:
This Year
Last Year
Units sold
200,000
160,000
Sales revenue
P1,000,000
P800,000
Less cost of goods sold
600,000
480,000
Gross margin
400,000
320,000
Less operating expenses
260,000
244,000
Net operating income
P140,000
P76,000
Operating expenses are a mixture of fixed costs and variable and mixed costs that vary with respect to the number of units sold.
Required -
a. Estimate the company's variable operating expenses per unit, and its total fixed operating expenses per year.
b. Compute the Company's contribution margin for this year.
c. Compute operating income if sakes is 120,000 units.
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