Find the missing values in the table below with different amount of sales and change invariable expense accordingly. From the given below data find the Contribution ratio. Whatwill be impact on Breakeven if sales increases.ItemsCurrent Sales inadditional sales in Percentagedollars for 600dollars with 720of SalesunitsunitsSales1,54,0001,76,000?Variable36,00010 percent increase?Expensesin previous expenseContribution?MarginFixed Expenses 25,00025000Net Income or???Losb)Harsha Ltd. Corporation wants to know about the variance in production cost it is notedthat mostly variance is related to labor variance. Actual labor hours consumed are 28 hours atthe rate of 12 dollars per hour. While standard hours was 41 hours with standard rate of 20 perhour. You are required to find the Labor Efficiency Variance, Labor rate Variance. Interpretyour results.

Sales: Sales include a number of goods and services sold by the organization during their accounting…

Find the missing values in the table below with different amount of sales and change in variable expense accordingly. From the given below data find the Contribution ratio. What will be impact on Breakeven if sales increases. Items Current Sales in additional sales in Percentage dollars for 600 dollars with 720 of Sales units units Sales 1,54,000 1,76,000 ? 10 percent increase in previous expense Variable 36,000 ? Expenses Contribution ? Margin Fixed Expenses 25,000 25000 ? Net Income or ? ? ? Loss

Find the missing values in the table below with different amount of sales and change in variable expense accordingly. From the given below data find the Contribution ratio. What will be impact on Breakeven if sales increases. Items Current Sales in additional sales in Percentage dollars for 600 dollars with 720 of Sales units units Sales 1,54,000 1,76,000 ? 10 percent increase in previous expense Variable 36,000 ? Expenses Contribution ? Margin Fixed Expenses 25,000 25000 ? Net Income or ? ? ? Loss

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Find the missing values in the table below with different amount of sales and change in
variable expense accordingly. From the given below data find the Contribution ratio. What
will be impact on Breakeven if sales increases.
Items
Current Sales in
additional sales in Percentage
dollars for 600
dollars with 720
of Sales
units
units
Sales
1,54,000
1,76,000
?
Variable
36,000
10 percent increase
?
Expenses
in previous expense
Contribution
?
Margin
Fixed Expenses 25,000
25000
Net Income or
?
?
?
Los
b)
Harsha Ltd. Corporation wants to know about the variance in production cost it is noted
that mostly variance is related to labor variance. Actual labor hours consumed are 28 hours at
the rate of 12 dollars per hour. While standard hours was 41 hours with standard rate of 20 per
hour. You are required to find the Labor Efficiency Variance, Labor rate Variance. Interpret
your results.

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