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    Quiz 03

    Uploaded by

    Vincent Capulong
    The document provides production and cost information for SAY A LITTLE PRAYER Inc. (SALPI) for November and December 2019. It asks the reader to [1] calculate the variable cost per unit and fixed costs, [2] determine the break-even point in units and pesos using contribution margin, and [3] calculate the sales needed to achieve SALPI's desired January 2020 profit of P455,000. The reader is to show their work and computations on a separate page.

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    Quiz 03

    Uploaded by

    Vincent Capulong
    92 views2 pages
    The document provides production and cost information for SAY A LITTLE PRAYER Inc. (SALPI) for November and December 2019. It asks the reader to [1] calculate the variable cost per unit and fixed costs, [2] determine the break-even point in units and pesos using contribution margin, and [3] calculate the sales needed to achieve SALPI's desired January 2020 profit of P455,000. The reader is to show their work and computations on a separate page.

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    Quiz 03 (1)

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    The document provides production and cost information for SAY A LITTLE PRAYER Inc. (SALPI) for November and December 2019. It asks the reader to [1] calculate the variable cost per unit and fixed costs, [2] determine the break-even point in units and pesos using contribution margin, and [3] calculate the sales needed to achieve SALPI's desired January 2020 profit of P455,000. The reader is to show their work and computations on a separate page.

    Copyright:

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

    Quiz 03

    Uploaded by

    Vincent Capulong
    The document provides production and cost information for SAY A LITTLE PRAYER Inc. (SALPI) for November and December 2019. It asks the reader to [1] calculate the variable cost per unit and fixed costs, [2] determine the break-even point in units and pesos using contribution margin, and [3] calculate the sales needed to achieve SALPI's desired January 2020 profit of P455,000. The reader is to show their work and computations on a separate page.

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    GRADED QUIZ 03

    (20 Points)

    Name: ____________________________________

    SAY A LITTLE PRAYER Inc. (SALPI) started its operation November 5, 2019 and is targeting a P455,000 profit
    for January 2020. Each product is sold for P75 per piece.
    Production Total Cost and expenses
    November 3,500 units P230,000
    December 4,200 units 265,000

    Required: (1) Compute the following and write your answers on the space provided
    (2) show your computation on a separate paper

    a. What is the variable cost per unit? ____________ & amount of fixed cost? ________________

    b. What is the break-even point in units and pesos using the contribution margin approach?
    ____________________ units;

    Show the Income Statement at breakeven point:

    SALES ……………………………….. P __________________

    VARIABLE COST …………………… ( _________________)

    CONTRIBUTION MARGIN ………. __________________

    FIXED COST ………………………. (__________________)

    PROFIT (LOSS)………………………… ___________________

    c. What is the sales that should be met to achieve the desired profit of SALPI?
    ___________________________units;

    Show the Income Statement with the desired profit:

    SALES ……………………………….. P __________________

    VARIABLE COST …………………… ( _________________)

    CONTRIBUTION MARGIN ………. __________________

    FIXED COST ………………………. (__________________)

    PROFIT (LOSS)………………………… ___________________


    Computation:

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