Question No: 1S LO: 2The following information has been taken from theaccounting records ofAhmed and Company in first and second period.PeriodSalesProfit2019$ 200,000 $30,0002020300,000 50,000Calculate:1) Profit volume ratio2) Variable cost for two periods2) Fixed cost for two periods3) Break Even Point in dollars sales4) Sales required to earn a profit of $50,0005) Profit when sales are $300,000Question No: 2S LO: 3The following data show the results of random sample of 10batches of one pattern of product:Sample Batch Size Support CostsXY110$100212120315200420150102006.252507201508.12120182401030300Calculate:Using regression analysis (Y= a + bx) and predict support costfor a batch size X = $10then what is Mixed Cost?

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Question No: 1 S LO: 2 The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit $ 200,000 $30,000| 300,000 50,000 2019 2020 Calculate: 1) Profit volume ratio 2) Variable cost for two periods 2) Fixed cost for two periods

Question No: 1 S LO: 2 The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit $ 200,000 $30,000| 300,000 50,000 2019 2020 Calculate: 1) Profit volume ratio 2) Variable cost for two periods 2) Fixed cost for two periods

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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View Policies Current Attempt in Progress A company has the following balances: Sales revenue $312.000: Sales Returns and Allowances $2.000: Sales Discounts $4,000: Cost of Goods Sold $184,000: Operating Expenses $84,000. Assume there are no other revenues, other expenses, or income tax expense. How much is the profit margin? O 16.0% O 12.2% O 12.4% O 41.0 % eTextbook and Media Hint 4 ! Save for Later Using multiple attempts will impact your score 10% soore reduction after attempt 1 Attempts; unlimited Submit Answer
Q.1 Calculate the gross profit margin for Pearson & Litt for 2020. 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost (FC) per annum R650 000 R 855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net Sales R2 900 320 R 3 100 100 Cost of sales R390 000 R475 000
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I. Cost Behavior and Estimation (HP 6) The owners of Mormont Co., Jorah and Lyanna, are expecting sales for August, 2019 to be 250,000 units. Information about Mormont's Sales and costs over the past three months, are as follows: Units Sold Sales Cost of Goods Sold Wage & Salary Expense Admin Expense May O 200,000 300,000 $3,450,000 $5,175,000 $1,575,000 $2,312,500 $950,000 $975,000 $1,300,000 $1,600,000 June July 500,000 $8,625,000 $3,787,500 $1,925,000 $2,500,000 Required: Based on the information provided, provide a projected income statement, using the contribution margin format. 5
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