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Mcoy Arts sells lamps for P30. The unit variable cost per lamp is P22. Fixed costs total P9,600.
Problem 1: What is the contribution margin per lamp?
Problem 2: What is the breakeven point in lamps?
Problem 3: How many lamps must be sold to earn an operating income of P8,000?
Problem 4: What is the margin of safety, assuming 1,500 lamps are sold?
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