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?
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?
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 44P
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you