Activity 2: Did I Gain Profit or Loss? Direction: Choose from the selection the terms described in each guide question. Also, answer each question to determine whether a profit is gained or a loss is obtained in the given real-life problem. Problem: Andy sells chiffon cakes at her cake house. She pays P2,000.00 monthly for the rental of space and she spends P50.00 to make each chiffon cake which she sells for P150.00. Compute for the profit or loss if she was able to sell 20 chiffon cakes for this month. Variable Cost Fixed Cost Break-even Point Selling Price Neither Profit/loss Total Cost Guide Questions: Important Terms Answers 1. How much does she pay for the rental of space each month? 2. How much does she spend for each chiffon cake? 3. How much does she sell each chiffon cake?

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 44P
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Activity 2: Did I Gain Profit or Loss?
Direction: Choose from the selection the terms described in each guide question.
Also, answer each question to determine whether a profit is gained or a
loss is obtained in the given real-life problem.
Problem:
Andy sells chiffon cakes at her cake house. She pays P2,000.00 monthly for
the rental of space and she spends P50.00 to make each chiffon cake which she sells
for P150.00. Compute for the profit or loss if she was able to sell 20 chiffon cakes for
this month.
Variable Cost
Fixed Cost
Break-even Point
Selling Price
Neither Profit/loss
Total Cost
Guide Questions:
Important Terms
Answers
1. How much does she pay for the rental of
space each month?
2. How much does she spend for each
chiffon cake?
3. How much does she sell each chiffon
cake?
4. How much is the total amount of total
expenses incurred for this month?
5. How much is the profit for this month?
6. Did she gain a profit?
Transcribed Image Text:Activity 2: Did I Gain Profit or Loss? Direction: Choose from the selection the terms described in each guide question. Also, answer each question to determine whether a profit is gained or a loss is obtained in the given real-life problem. Problem: Andy sells chiffon cakes at her cake house. She pays P2,000.00 monthly for the rental of space and she spends P50.00 to make each chiffon cake which she sells for P150.00. Compute for the profit or loss if she was able to sell 20 chiffon cakes for this month. Variable Cost Fixed Cost Break-even Point Selling Price Neither Profit/loss Total Cost Guide Questions: Important Terms Answers 1. How much does she pay for the rental of space each month? 2. How much does she spend for each chiffon cake? 3. How much does she sell each chiffon cake? 4. How much is the total amount of total expenses incurred for this month? 5. How much is the profit for this month? 6. Did she gain a profit?
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