Omega Enterprise sells two products, Model E100 and F900. Monthly sales and the contribution margin ratios for the two products, follow : . . Model E100 P700,000 Product... Model F900 P300,000 1,000,000 Total Sales Contribution margin ratio The company's fixed expenses total P598, 500 per month. 60% 70% 3. What is the company's total contribution margin ratio? (2-43) a. 60% b. 63% 70% c. d. 65% 4. What is the company' s total net operating income? (2-44) a. P630,000 b. P 31,500 5. The bre ak-even point for the company based on the current sales mix is (2-44) a. P900,000 b. P950,000 c. P210,000 d. P420,000 P1,000,000 P1,050,000 C. d.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Omega Enterprise sells two products, Model E100 and F900. Monthly sales
and the contribution margin ratios for the two products, follow :
Product..
Model E100
Model F900
Total
Sales
P700,000
P300,000
1,000,000
Contribution margin ratio
The company's fixed expenses total P598, 500 per month.
60%
70%
?
3. What is the company's total contribution margin ratio? (2-43)
a. 60%
c.
70%
b. 63%
d.
65%
4. What is the company's total net operating income? (2-44)
a. P630,000
b. P 31,500
5. The break-even point for the company based on the current sales
mix is (2-44)
a. P900,000
b. P950,000
P210,000
P420,000
C.
d.
P1,000,000
P1,050,000
c.
d.
Transcribed Image Text:Omega Enterprise sells two products, Model E100 and F900. Monthly sales and the contribution margin ratios for the two products, follow : Product.. Model E100 Model F900 Total Sales P700,000 P300,000 1,000,000 Contribution margin ratio The company's fixed expenses total P598, 500 per month. 60% 70% ? 3. What is the company's total contribution margin ratio? (2-43) a. 60% c. 70% b. 63% d. 65% 4. What is the company's total net operating income? (2-44) a. P630,000 b. P 31,500 5. The break-even point for the company based on the current sales mix is (2-44) a. P900,000 b. P950,000 P210,000 P420,000 C. d. P1,000,000 P1,050,000 c. d.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Trading
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education