Answer and solution for this problem please. Thank you so much! 4. Kent Co.'s operating percentages were as follows:Revenues100%Cost of goods soldVariableFixed50%10%60%Gross profit40%Other operating expensesVariableFixedOperating income20%15%35%5%Kent's sales totalled P2 million. At what revenue level would Kent break even?a P1,900,000b. P1,666,667c. P1,250,000d. P883,333

Contribution means the difference between the selling price and variable cost . Fixed cost when…

4. Kent Co.'s operating percentages were as follows: Revenues 100% Cost of goods sold Variable Fixed 50% 10% 60% Gross profit Other operating expenses 40% Variable 20% Fixed Operating income 15% 35% 5% Kent's sales totalled P2 million. At what revenue level would Kent break even? P1,900,000 b. P1,666,667 c. P1,250,000 d. P883,333 a

4. Kent Co.'s operating percentages were as follows: Revenues 100% Cost of goods sold Variable Fixed 50% 10% 60% Gross profit Other operating expenses 40% Variable 20% Fixed Operating income 15% 35% 5% Kent's sales totalled P2 million. At what revenue level would Kent break even? P1,900,000 b. P1,666,667 c. P1,250,000 d. P883,333 a

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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