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Banco Seating, a manufacturer of chairs, had the following data for 2020:
Sales 2,400 units
Sales Price P40 per unit
Variable costs P15 per unit
Fixed costs P19,500
Required:
Problem a. What is the contribution margin ratio?
Problem b. What is the break-even point in sales?
Problem c. What is the margin of safety in sales?
Problem d. If the company wishes to increase its contribution margin by 40% in 2021, by how much will it need to increase its sales if all other factors remain constant?
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