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What the budgeted level of sales revenue

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Problem 1: Red Butterfly Company manufactures and sells a specially perfume. The company budgets a margin of safety of 20% for 2018. Fixed costs are budgeted at P270,000 annually. Variable costs are P6.60 per ounce. If the sales price per ounce is P12, the budgeted level of sales revenue for 2018 is

A. P 750,000

B. P 589,330

C. P 720,000

D. P 480,000

Reference no: EM132745866

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