Estimate profit or loss at specific sales volume. (Obj. 6). A company's contribution margin ratio is 60
Question:
Estimate profit or loss at specific sales volume. (Obj. 6). A company's contribution margin ratio is 60 percent. Its fixed costs are
$360,000 per year. What would be the company's anticipated profit or loss for the current year if the sales volume is expected to be
$600,000? What would be the anticipated profit or loss if the sales volume is expected to be $1,000,000 for the year?
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Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
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Related Book For 
Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington
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