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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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answer 1 and 2 please with complete solution. thanks

Transcribed Image Text:1. Lablab Company manufactures and sells two types of beach towels, standard
and premier. Lab Lab expects the following operating results next year for
each type of towel.
Sales
Variable Expenses
Standard
P 450,000
P 360,000
Premier
P 50,000
P 20,000
Lablab expects to have a total of 57,600 fixed expenses next year. What is the
company's break-even peso sales?
2. Hi Products, Inc. sells two products, F and C. The sales mix is expected to
be P3.00 of sales of product C for every P1.00 of sales of product F.
Product F has a contribution margin of 40% whereas product C has a
contribution margin ratio of 50%. Annual fixed costs are expected to be
P125,000. What would be the overall break-even point for the company in
peso sales?
Expert Solution
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VIEW Answer to part 1 (Step 1) Calculation of Sales Mix
VIEW Answer to part 1 (Step 2) Calculation of weighted Contribution margin
VIEW Part 1 (step 3 ):Calculation of Break even sales of the company and Product wise Break even sales)
VIEW Part 2 (Step 1) Calculation of weighted Contribution margin
VIEW Part 2 (Step 2) Calculation of overall company breal even sales (peso)
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