Question '15 lots Miltank Company is a merchandiser that plans to sell 15,000 units during...
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Question '15 lots Miltank Company is a merchandiser that plans to sell 15,000 units during t e next quarter at a seliing price of P120 per unit. The company gathered the following cost esmates for the next quarter: Cost: Cost Formula: Cost of Goods Sold P 42 per unit sold Advertising Expense P 210,000 per quarter Sales Commissions 6% of Sales Shipping Expense P 28,000 per quarter + P910 per unit sold Administrative Salaries P 145,000 perquarter insurance Expense P 9.000 per quarter Depreciation Expense P 76,000 per quarter Using the contribution format income statement for the next quarter. the totai FiXED COST is P
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