Answer the following: Q1. If sales Rs. 20,00,000, variable cost Rs. 15,00,000 and fixed cost Rs. 2,00,000, calculate the following: (a) Profit Volume Ratio (b) Break-even Point (c) Sales required to earn profit of Rs. 5,00,000. Q2. From the following you are required to prepare a statement showing the issues made under FIFO method: Date Opening Balance 100 units at Rs.10 each 1 Received 200 units at Rs. 10.50 each. 2 Received 300 units at Rs. 10.60 each 4 Issued 400 units to Job A vide MR No. 12 6 Issued 120 units to Job B vide MR No. 22 7 Received 400 units at Rs. 11 each 10 Issued 200 units to Job C vide MR No. 32 12 Received 300 units at Rs. 11.40 each 13 Received 200 units at Rs. 11.50 each 15 Issued 400 units to Job D vide MR No. 42.