The directors of Goodluck Ltd are considering the results of the profi t and loss statement for
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The directors of Goodluck Ltd are considering the results of the profi t and loss statement for the year that ended on 31 December 2009. The extract is as follows:
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Rs. Rs. Sales 15,00,000 Direct materials 4,50,000 Direct wages 3,00,000 Variable overheads 1,20,000 Fixed overheads 4,40,000 13,10,000 Profit 1,90,000
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