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3. a. Sale of a product amounts to 200 units per month at Rs. 10 per unit. Fixed overhead cost is Rs. 400 per month

3. a. Sale of a product amounts to 200 units per month at Rs. 10 per unit. Fixed overhead cost is Rs. 400 per month and variable cost is Rs. 6 per unit. 1 There is a proposal to reduce prices by 10 per cent. Calculate present and future P/V ratio. How many units must he sold to earn the present total profits? b. Explain GAAP. 05 90 (15)

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