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Question No: 4 Numerical Problems: Note: Answer any three of the following problems: (SLO 2, 4, 5&6) (36 Marks) Problem 1: The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period 2019 2020 Sales $ 100,000 150,000 Profit $15,000 25,000 Calculate: 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000 Problem 2: The following information at 50% capacity is given. Prepare a flexible budget and forecast the profit or loss at 60%, 80% and 90% capacity. Particulars Expenses at 50% Capacity Fixed Expenses: Amount Salaries $ 500,000 Rent and Taxes 400,000 Depreciation 600,000 Administrative Expenses 700,000 Variable Expenses: Materials $200,000 Labor 250,000 Others variable expenses 400,000 Semi-Variable Expenses: Indirect Labor $150,000 Others semi variable expenses 90,000 It is estimated that fixed expenses will remain constant at all capacities. Semi variable expenses will not change between 50% and 60% capacity, will rise by 10% between 60% and 80% capacity, a further increase of 5% when capacity crosses 80%. Estimated sales at various levels of capacity are: Capacity 50% 60% 80% 90% $ Sales $1,500,000 2,000,000 2,500,000 3,000,000