Question
Calculate amount of sales when variable costs are equal to 70% of sales and fixed costs are equal to Rs. 30,000. Ans: 100000 Iqbal Corporation
Calculate amount of sales when variable costs are equal to 70% of sales and fixed costs are equal to Rs. 30,000. Ans: 100000
Iqbal Corporation produces and sells a single product, has provided its contribution format income statement for March.
| Sales (17,000 units) | Rs. 2,210,000 |
| Variable Expenses | 1,530,000 |
| Contribution Margin | 680,000 |
| Fixed Cost | 250,000 |
| Net Profit | 430,000 |
If the company sells 19,000 units, its net operating income should be closest to:
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
2nd edition
1111824401, 978-1111824402
