Reference no: EM133178308

Question - Gibran company incurred the following costs and expenses in April: Direct materials, P200,000; Direct labor, P150,000; Variable factory overhead, P70,000; Fixed factory overhead, P42,000; Variable selling and administrative, P30,000; and Fixed selling and administrative, P48,000. During the month, Gibran produced 300,000 units which were sold for P2 each. The company's average operating assets were P1,000,000. The division is required to earn a minimum return of 15% on average operating assets. What is the company's return on investment (in percent) for the month?