Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Amazon limited sells a product whose data for two quarters is as follows: | Sales revenue (Ksh) Variable costs (Ksh) Profit (Ksh) Quarter One
Amazon limited sells a product whose data for two quarters is as follows: | Sales revenue (Ksh) Variable costs (Ksh) Profit (Ksh) Quarter One 100,000 Two 150,000 60,000 90,000 20,000 40,000 Unit price, unit variable cost and fixed costs remained constant during the two quarters. Required: i) Determine the fixed costs and the contribution margin ratio ii) Determine the breakeven sales revenue iii) Compute the profit if goods worth Ksh 500,000 were sold iv) Determine the sales revenue for a target profit of Ksh 120,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started