Style photo sells only one product. The statement of comprehensive income for 2021 is provided below: Sales 60,000 Less variable expenses -30,000 Contribution margin 30,000 Less fixed expenses -22,500 Net income 7,500 Required: Calculate with workings: The contribution margin ratio in percentage. Three breakeven point in total sales ringgits. The sales in RM if the company wants to achieve RM40,000 in net income.
Style photo sells only one product. The statement of comprehensive income for 2021 is provided below: Sales 60,000 Less variable expenses -30,000 Contribution margin 30,000 Less fixed expenses -22,500 Net income 7,500 Required: Calculate with workings: The contribution margin ratio in percentage. Three breakeven point in total sales ringgits. The sales in RM if the company wants to achieve RM40,000 in net income.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 2
Style photo sells only one product. The statement of comprehensive income for 2021 is provided below:
Sales |
60,000 |
Less variable expenses |
-30,000 |
Contribution margin |
30,000 |
Less fixed expenses |
-22,500 |
Net income |
7,500 |
Required:
Calculate with workings:
- The contribution margin ratio in percentage.
- Three breakeven point in total sales ringgits.
- The sales in RM if the company wants to achieve RM40,000 in net income.
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