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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