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The following balances were extracted from the books of account of wote limited First half of the year Second half of the year Kshs. Kshs
The following balances were extracted from the books of account of wote limited
First half of the year Second half
of the year
Kshs. Kshs
Sales- 90000 100000
Total costs- 80000 86000
Determine;
(I) profit volume ratio
(ii) Fixed costs
(iii)Break even sales
(iv) percentage of margin of safety
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