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What the expected cost of goods sold for the coming year is

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Reference no: EM132842308

Question 1: Lhambot, Inc. sells its product for P5 per unit. The fixed cost are P210,000 and the variable costs are 60% of the selling price. What would be the amount of sales if Lhambot is to realize a profit of 10% of sales?

a. P700,000

b. P472,500

c. P525,000

d. P420,000

The Phuti Company estimated the following data for the coming year:

Fixed manufacturing costs P565,000
Variable costs per peso of sales:
Materials P 0.125
Direct labor 0.150
Variable overhead 0.075
Variable selling costs 0.150

Phuti estimates its sales for the coming year to be P2,000,000

Question 2: The expected cost of goods sold for the coming year is

a. P1,265,000

b. P1,115,000

c. P2,565,000

d. P700,000

Reference no: EM132842308

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