Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pureuutauuil.Cum 1 . (a) Explain four uses of management accounting information. (8 marks) ( b ) The following income statement was prepared by the management

image text in transcribed
pureuutauuil.Cum 1 . (a) Explain four uses of management accounting information. (8 marks) ( b ) The following income statement was prepared by the management accountant of Ukweli Lid. Ksh. Ksh Sales revenue 720,000 Direct materials 80,000 Direct labour 60,000 Direct expenses 10.000 150,000 Variable Production Overheads 90,000 240,000 Contribution 480,000 Fixed production overheads 270.000 Total Profit 210,000 Additional information: Total units produced and sold for the period was 1,500. Calculate: (i) contribution per unit; (ii) profit per unit; (ifi) break-even sales; (12 marks) (iv) margin of safety in shillings

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

Survey Of Accounting

Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay

1st Edition

0073526770, 9780073526775

More Books

Students also viewed these Accounting questions

Question

describe why abnormal work hours can constitute a health risk;

Answered: 1 week ago

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago