Calculate amount of sales when variable costs are equal to 70% of sales and fixed costs are equal to Rs. 30,000. Ans: 100000   Iqbal Corporation produces and sells a single product, has provided its contribution format income statement for March.   Sales (17,000 units) Rs. 2,210,000 Variable Expenses 1,530,000 Contribution Margin    680,000 Fixed Cost    250,000 Net Profit    430,000   If the company sells 19,000 units, its net operating income should be closest to:

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Calculate amount of sales when variable costs are equal to 70% of sales and fixed costs are equal to Rs. 30,000. Ans: 100000

 

Iqbal Corporation produces and sells a single product, has provided its contribution format income statement for March.

 

Sales (17,000 units)

Rs. 2,210,000

Variable Expenses

1,530,000

Contribution Margin

   680,000

Fixed Cost

   250,000

Net Profit

   430,000

 

If the company sells 19,000 units, its net operating income should be closest to:

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