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What is the minimum increase in peso

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Question - Gold Company has, for the coming year, budgeted sales of P2,500,000 with contribution margin of 60 percent and fixed costs of P600,000. The company's only one product line sells for P50. The company is subject to 40 percent tax bracket. A plan includes an increase in advertising cost of P480,000. What is the minimum increase in peso.

Reference no: EM133094719

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