Homework Help is Here – Start Your Trial Now!
Business
Accounting
Tutorial Q. 5 Assuming that the cost structure and selling prices remain the same in Periods I and II, as given below: Sales (RM) 240,000 Period Profit (RM) I 18,000 II 280,000 26,000 Required: Find out: a) Profit Volume ratio; b) Fixed cost c) Break – even point for sales;

Tutorial Q. 5 Assuming that the cost structure and selling prices remain the same in Periods I and II, as given below: Sales (RM) 240,000 Period Profit (RM) I 18,000 II 280,000 26,000 Required: Find out: a) Profit Volume ratio; b) Fixed cost c) Break – even point for sales;

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Tutorial Q. 5 Assuming that the cost structure and selling prices remain the same in Periods I and II, as given below: Sales (RM) 240,000 280,000 Profit (RM) 18,000 26,000 Period I II Required: Find out: a) Profit Volume ratio; b) Fixed cost c) Break – even point for sales; d) Profit when sales are of RM200,000; e) Sales required to earn a profit of RM40,000 f) Margin of safety at a profit of RM30,000; g) Variable cost in Period II. Hint for: P/V ratio = Change in Profits x100 Change in Sales
Transcribed Image Text:Tutorial Q. 5 Assuming that the cost structure and selling prices remain the same in Periods I and II, as given below: Sales (RM) 240,000 280,000 Profit (RM) 18,000 26,000 Period I II Required: Find out: a) Profit Volume ratio; b) Fixed cost c) Break – even point for sales; d) Profit when sales are of RM200,000; e) Sales required to earn a profit of RM40,000 f) Margin of safety at a profit of RM30,000; g) Variable cost in Period II. Hint for: P/V ratio = Change in Profits x100 Change in Sales
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Risk Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS