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Francois French manufactures cheese, which he normally sells at €20/kg, on which sales commission of 5% is paid. Plant capacity is 7,500 kg/month. Income tax is levied at 30%.
Fixed costs
Costs per kg.
Plant depreciation
€8,000
Direct materials
€4
Other plant costs
15,000
Direct labor
2
Corporate salaries
10,000
Var. factory O/H
3
Advertising
3,000
If sales are 5,000 kgs, which of the following is true?
A. Total contribution margin is €50,000
B. Ratio of total contribution margin to net income before taxes is 3.57
C. Taxes payable are €4,200
D. Operating leverage is 42%
E. All of the above
In the given period, the company incurred a total overhead cost of P2,400,000. Compute the standard factory overhead rate
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