Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

gion. A company has a contribution/sales ratio of 40%. It maintains a margin of safety of 20%. If its annual fixed cost amount to

image text in transcribed

gion. A company has a contribution/sales ratio of 40%. It maintains a margin of safety of 20%. If its annual fixed cost amount to Rs. 24 lakhs, calculate its (i) Break even sales (ii) Margin of safety (iii) Total sales (iv) Total variable costs and (v) Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory and Analysis Text and Cases

Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey

11th edition

9781118806500, 1118582799, 1118806506, 978-1118582794

More Books

Students also viewed these Accounting questions

Question

=+What are its goals in reaching more people?

Answered: 1 week ago

Question

What is the foreign earned income exclusion?

Answered: 1 week ago