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    Test 5

    Uploaded by

    Kim Limosnero
    If production is expected to be 1,000 units requiring 1,500 direct labor hours, estimated manufacturing overhead costs would be P76,300. The document provides multiple choice questions regarding cost-volume-profit analysis, gross margin, contribution margin, and return on assets.

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    Test 5

    Uploaded by

    Kim Limosnero
    513 views2 pages
    If production is expected to be 1,000 units requiring 1,500 direct labor hours, estimated manufacturing overhead costs would be P76,300. The document provides multiple choice questions regarding cost-volume-profit analysis, gross margin, contribution margin, and return on assets.

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    If production is expected to be 1,000 units requiring 1,500 direct labor hours, estimated manufacturing overhead costs would be P76,300. The document provides multiple choice questions regarding cost-volume-profit analysis, gross margin, contribution margin, and return on assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    513 views2 pages

    Test 5

    Uploaded by

    Kim Limosnero
    If production is expected to be 1,000 units requiring 1,500 direct labor hours, estimated manufacturing overhead costs would be P76,300. The document provides multiple choice questions regarding cost-volume-profit analysis, gross margin, contribution margin, and return on assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    If July production is expected to be 1,000 units requiring 1,500 direct

    labor hours, estimated manufacturing overhead costs would be


    A. P109,300 C. P76,300
    B. P99,000 D. P10,366

    Cost-Volume-Profit Analysis
    13. The Ship Company is planning to produce two products, Alt and
    Tude. Ship is planning to sell 100,000 units of Alt at P4 a unit and
    200,000 units of Tude at P3 a unit. Variable costs are 70% of sales
    for Alt and 80% of sales for Tude. In order to realize a total profit of
    P160,000, what must the total fixed costs be?
    A. P80,000 C. P240,000
    B. P90,000 D. P600,000

    14. Glow Co. wants to sell a product at a gross margin of 20%. The
    cost of the product is P2.00. The selling price should be
    A. P1.60 C. P2.40
    B. P2.10 D. P2.50

    15. The following relates to Gloria Corporation, which produced and


    sold 50,000 units during a recent accounting period:
    Sales P850,000
    Fixed manufacturing costs 210,000
    Variable manufacturing costs 140,000
    Fixed selling and administrative expense 300,000
    Variable selling and administrative expense 45,000
    Income tax rate 40%
    For the next accounting period, if production and sales are expected
    to be 40,000 units, the company should anticipate a contribution
    margin per unit of
    A. P1.00 C. P3.10
    B. P13.30 D. P7.30

    16. Madden, Company has projected its income before taxes for next
    year as shown below. Madden is subject to a 40% income tax rate.
    Sales (160,000 P8,000,000
    units)
    Cost of sales
    Variable costs P 2,000,000
    Fixed costs 3,000,000 5,000,000
    Income before P 3,000,000
    taxes
    Maddens net assets are P36,000,000. The peso sales that must be
    achieved for Madden to earn a 10 percent after tax return on assets
    would be
    A. P8,800,000 C. P12,000,000
    B. P16,000,000 D. P6,880,000

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