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37) Spleen Company with P210,000 of fixed cost has the following data: Product X Product Y Unit sales price P10 P5 Unit variable costs P 8 P4 Assume that 3 units of X are sold for each unit of Y. how much is the contribution margin of product X at its breakeven point? A. 900,000 B. 180,000 C. 120,000 D. 90,000 38) Sales in Kenya Company declined from P100,000 per year to P80,000 per year, while net operating income declined by 300 percent. Given these data, the company must have had an operating leverage of: A. 15 B. 2.7 C. 30 D. 12 39) For its most recent fiscal year, Corn Company reported that its contribution margin was equal to 40 percent of sales and that its net income amounted to 10 percent of sales. If its fixed cost for the year were P60,000, how much was the margin of safety? A. 150,000 200,000 C. 600,000 D. 50,000 40) Apple Company has fixed costs of P200,ooo and breakeven sales of P1, 600,000. What is the projected profit at P2,400,000 sales? A. 600,000 B. 300,000 C. 800,000 D. 100,000 41) At a volume of 15,000 units, Boston reported sales revenues of P600,000, variable costs of P225,000, and fixed costs of P120,000. The company's contribution margin per unit is: A. 17 B. 25 C. 47 D. 55 42) Given the selling price at P120 per unit; contribution margin ratio at 25% and fixed costs of P250,000, the total variable expenses at the break-even point would be: A. 350,00 0 750,000 450,000 D. 250,000 43) Asher Company manufactures fans with direct material costs of P10 per unit and direct labor of P7 per unit. A local carrier charges Asher P5 per unit to make deliveries. Sales commissions are paid at 10% of the selling price. Fans are sold for P100 each. Indirect factory costs and administrative costs are P6,800 and P37,200 per month, respectively. How many fans must Asher produce to break even? A. 1,375 B. 647 C. 564 D. 530 44) Thomas Company sells products XXX, YYY and ZZZ. Thomas sells three units of XXX for each unit of ZZZ, and two units of YYY for each unit of XXX. The contribution margins are P1.00 per unit of XXX, P1.50 per unit of YYY, and P3.00 per unit of ZZZ. The fixed costs are P600,000. How many units of XXX would Thomas sell at the breakeven point? A. 40,000 units B. 120,000 units C. 360,000 units D. 400,000 units

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