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:
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:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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