1. D 41.

C
2. A ₱528,000/8,800 = ₱60 sales price per unit
3. C ₱290,400/8,800 = ₱33 variable expense per unit
4. A Sales (9,200x₱60) ₱552,000
5. B Variable exp (9,200x ₱33) 303,600
6. A Contribution margin 248,400
7. B Fixed expenses 211,700
8. C Net operating income ₱36,700
9. A 42. B
10. B ₱40,000 / 400 = ₱100 Contribution margin per case
11. B If one additional case is sold, net operating income
12. B will decrease by ₱100.
13. B
14. B 43. D
15. D Sales ₱738,000
16. A Variable exp (738,000x88%) 649,440
17. A Contribution margin (738,000x12%) 88,560
18. D Fixed expenses 84,000
19. C Net operating income ₱4,560
20. D
21. B 44. B
22. D ₱319,200 / 8,400 = ₱38 Contribution margin per unit.
23. C If 8,200 units are sold, the total contribution margin
24. D will be 8,200 x ₱38 = ₱311,600
25. D
26. C 45. A
27. B (₱180,000 / 7,500 invoices) × 300 invoices = ₱7,200
28. B
29. D 46. B
30. C (₱490,000 / 10,000) × 5,800 = ₱284,200
31. B (₱18,000 / 3,000 × 300 = ₱1,800
32. B (₱56,000 / 3,500) × 1,600 = ₱25,600
33. D ₱311,600
34. C
35. D 47. D
36. D (₱84,000 + ₱180,000) ÷ 8,000 = ₱33.00
37. C
38. B 48. D
39. A ₱68,750 / 11,000 = ₱6.25
40. B
49. C 56. C
Account inquiry costs = ₱600,000/25% = ₱2,400,000
=(₱750,000/15,000)x3,500 ₱175,000
Billing costs 57. D
=(₱250,000/5M)x750,000 ₱37,500 =₱2,400,000/₱150 = 16,000units
Account verification costs
=(₱173,250/70,000)x7,000 ₱17,325 58. A
Correspondence costs = 800,000 X 20%
=(₱42,000/7,000)x1,600 ₱9,600 =160,000 X ₱1.50
₱239,425 = ₱240,000

50. D 59. C
March Receipts = (0.20)( ₱38,000) + (0.40) =₱148,800 / ₱12 = 12,400 units
( ₱33,000) + (0.40)( ₱30,000) = ₱32,800
60. D
51. A = ₱15,000 / 20% = ₱75,000
35(₱2,027,773/365) = ₱194,444

52. D
₱5,000,000 / ₱100,000 = 50 days
₱2,000,000 / ₱100,000 = 20 days
Cash conversion cycle = 50 + 20 – 30 =40 days

53. A
Cash conversion cycle = 72 + 60 – 45 = 87 days

54. C
Sales ₱3,000
Collections (same month’s sales)
(0.98x0.40x₱3,000) 1,176
Collections (last month’s sales)
(1.00x0.60x₱3,000) 1,800
Total collections 2,976
Purchases payments 1,500
Other payments 700
Total payments 2,200
Net Cash gain (loss) ₱776

55. A
Fixed costs = ₱400,000 x 20%
= ₱80,000 x ₱3 = ₱240,000